Jindal Drilling & Industries announced a steep drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 39.49% to Rs 74.00 million from Rs 122.30 million in the same quarter previous year.
Revenues for the quarter declined 22.24% to Rs 833.00 million, compared with Rs 1,071.30 million for the prior year period.
Operating margin for the quarter stood at 8.51 percent as compared to 7.78 percent for the previous year period. Operating Income for the quarter was Rs 70.90 million, compared with Rs 83.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.55, registering 39.57% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 833.00 | 1,071.30 | (22.24) |
| Net Profit | 74.00 | 122.30 | (39.49) |
| Diluted EPS | 2.55 | 4.22 | (39.57) |
Shares of the company gained Rs 1.6, or 1%, to settle at Rs 161.00. The total volume of shares traded was 4,192 at the BSE (Wednesday).
