Esab India disclosed a decline in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 2.75% to Rs 49.60 million from Rs 51.00 million in the same quarter previous year.
Revenues for the quarter declined marginally 0.36% to Rs 1,111.00 million, compared with Rs 1,115.00 million for the prior year period.
Operating margin for the quarter stood at 5.42 percent as compared to 3.80 percent for the previous year period. Operating Income for the quarter was Rs 60.20 million, compared with Rs 42.4 million in the previous year period.
Earnings per share for the quarter stood at Rs 3.22, registering 2.72% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 1,111.00 | 1,115.00 | (0.36) |
| Net Profit | 49.60 | 51.00 | (2.75) |
| Diluted EPS | 3.22 | 3.31 | (2.72) |
Shares of the company gained Rs 11.75, or 2.22%, to settle at Rs 541.75. The total volume of shares traded was 50 at the BSE (Thursday).
