H E G disclosed a steep drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 37.89% to Rs 64.90 million from Rs 104.50 million in the same quarter previous year.
Revenues for the quarter declined 36.01% to Rs 1,785.90 million, compared with Rs 2,791.00 million for the prior year period.
Operating margin for the quarter stood at 10.76 percent as compared to 9.31 percent for the previous year period. Operating Income for the quarter was Rs 192.20 million, compared with Rs 259.9 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.62, registering 38.17% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 1,785.90 | 2,791.00 | (36.01) |
| Net Profit | 64.90 | 104.50 | (37.89) |
| Diluted EPS | 1.62 | 2.62 | (38.17) |
Shares of the company gained Rs 0.8, or 0.54%, to settle at Rs 149.60. The total volume of shares traded was 1,893 at the BSE (Wednesday).
