Finolex Industries said a drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 49.99% to Rs 137.11 million from Rs 274.18 million in the same quarter previous year.
Net sales for the quarter declined marginally 1.04% to Rs 3,858.59 million, compared with Rs 3,899.11 million for the prior year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 3,858.59 | 3,899.11 | (1.04) |
| Net Profit | 137.11 | 274.18 | (49.99) |
| Basic EPS | NA | NA | |
Shares of the company declined Rs 13.1, or 4.02%, to settle at Rs 313.00. The total volume of shares traded was 53,796 at the BSE (Thursday).
