L G Balakrishnan & Bros announced a drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 41.12% to Rs 90.12 million from Rs 153.07 million in the same quarter last year.
Revenues for the quarter declined marginally 1.42% to Rs 2,468.51 million, compared with Rs 2,504.02 million for the prior year period.
Operating margin for the quarter stood at 6.01 percent as compared to 8.67 percent for the previous year period. Operating Income for the quarter was Rs 148.39 million, compared with Rs 217.04 million in the previous year period.
Earnings per share for the quarter stood at Rs 5.74, registering 41.13% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 2,468.51 | 2,504.02 | (1.42) |
| Net Profit | 90.12 | 153.07 | (41.12) |
| Diluted EPS | 5.74 | 9.75 | (41.13) |
Shares of the company declined Rs 38.25, or 7.74%, to trade at Rs 456.00. The total volume of shares traded was 42,368 at the BSE (3.02 p.m., Thursday).
