Bajaj Steel Industries announced a steep drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 36.27% to Rs 35.58 million from Rs 55.83 million in the same quarter previous year.
Revenues for the quarter declined marginally 0.02% to Rs 1,025.65 million, compared with Rs 1,025.90 million for the prior year period.
Operating margin for the quarter stood at 6.64 percent as compared to 9.29 percent for the previous year period. Operating Income for the quarter was Rs 68.06 million, compared with Rs 95.285 million in the previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 1,025.65 | 1,025.90 | (0.02) |
| Net Profit | 35.58 | 55.83 | (36.27) |
| Diluted EPS | NA | NA | |
Shares of the company gained Rs 0.7, or 0.4%, to settle at Rs 175.80. The total volume of shares traded was 10 at the BSE (Wednesday).
