Maharashtra Seamless swung to a loss for the quarter ended June 2015. During the quarter, the company reported a loss of Rs 83.40 million compared with a profit of Rs 224.80 million in the same quarter previous year.
Revenues for the quarter declined 11.45% to Rs 2,382.10 million, compared with Rs 2,690.00 million for the prior year period.
Operating margin for the quarter stood at negative 10.05 percent as compared to a postive 1.88 percent for the previous year period. Operating loss for the quarter was Rs 239.50 million, compared with an operating income of Rs 50.70 million in the previous year period.
Earnings per share stood negative at Rs 1.24 compared with Rs 3.24 in same quarter last year.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 2,382.10 | 2,690.00 | (11.45) |
Net Profit | (83.40) | 224.80 | - |
Diluted EPS | (1.24) | 3.24 | - |
Shares of the company declined Rs 28.4, or 13.69%, to trade at Rs 179.10. The total volume of shares traded was 182,042 at the BSE (3.20 p.m., Wednesday).