Industrial & Prudential Investment Company disclosed a substantial drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 41.28% to Rs 4.10 million from Rs 6.98 million in the same quarter last year.
Revenues for the quarter declined 32.01% to Rs 5.93 million, compared with Rs 8.72 million for the prior year period.
Operating margin for the quarter stood at 69.13 percent as compared to 90.36 percent for the previous year period. Operating Income for the quarter was Rs 4.10 million, compared with Rs 7.882 million in the previous year period.
Earnings per share for the quarter stood at Rs 7.05, registering 41.25% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 5.93 | 8.72 | (32.01) |
| Net Profit | 4.10 | 6.98 | (41.28) |
| Diluted EPS | 7.05 | 12.00 | (41.25) |
Shares of the company declined Rs 35, or 1.51%, to settle at Rs 2,290.00. The total volume of shares traded was 88 at the BSE (Thursday).
