India Nivesh swung to a profit for the quarter ended March 2014. During the quarter, the company reported a profit of Rs 12.67 million compared with a loss of Rs 7.30 million in the same quarter previous year.
Net sales for the quarter for the quarter rose -2.44 times to Rs 17.15 million, compared with Rs 7.04 million for the prior year period.
Earnings per share stood at Rs 0.34 compared with negative Rs 0.19 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 17.15 | (7.04) | - |
| Net Profit | 12.67 | (7.30) | - |
| Basic EPS | 0.34 | (0.19) | - |
Shares of the company declined Rs 0.05, or 0.12%, to trade at Rs 42.55. The total volume of shares traded was 5,185 at the BSE (1.58 p.m., Wednesday).
