Kirloskar Ferrous Industries disclosed a steep drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 23.82% to Rs 120.60 million from Rs 158.30 million in the same quarter last year.
Revenues for the quarter declined 20.42% to Rs 2,677.80 million, compared with Rs 3,365.00 million for the prior year period.
Operating margin for the quarter stood at 8.42 percent as compared to 8.53 percent for the previous year period. Operating Income for the quarter was Rs 225.40 million, compared with Rs 287.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.88, registering 23.48% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 2,677.80 | 3,365.00 | (20.42) |
Net Profit | 120.60 | 158.30 | (23.82) |
Diluted EPS | 0.88 | 1.15 | (23.48) |
Shares of the company declined Rs 0.75, or 1.59%, to settle at Rs 46.45. The total volume of shares traded was 39,590 at the BSE (Thursday).