Everest Industries said its net loss for the quarter ended September 2016 has widened to Rs 93.70. It reported a net loss of Rs 22.80 million in the same quarter previous year.
Revenues for the quarter declined 20.59% to Rs 2,269.00 million, compared with Rs 2,857.20 million for the prior year period.
Operating margin for the quarter stood at negative 26.75 percent as compared to a postive 14.98 percent for the previous year period. Operating loss for the quarter was Rs 607.00 million, compared with an operating income of Rs 428.00 million in the previous year period.
Earnings per share stood negative at Rs 6.09 compared with negative Rs 1.49 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 2,269.00 | 2,857.20 | (20.59) |
| Net Profit | (93.70) | (22.80) | - |
| Diluted EPS | (6.09) | (1.49) | - |
Shares of the company declined Rs 0.5, or 0.18%, to settle at Rs 271.20. The total volume of shares traded was 9,452 at the BSE (Friday).
