Lok Housing & Constructions swung to a profit for the quarter ended December 2013. During the quarter, the company reported a profit of Rs 3.75 million compared with a loss of Rs 353.10 million in the same quarter last year.
Net sales for the quarter declined 85.81% to Rs 56.31 million, compared with Rs 396.77 million for the prior year period.
Earnings per share stood at Rs 0.08 compared with negative Rs 7.55 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 13 | Dec - 12 | %Change |
| Net Sales | 56.31 | 396.77 | (85.81) |
| Net Profit | 3.75 | (353.10) | - |
| Basic EPS | 0.08 | (7.55) | - |
Shares of the company declined Rs 0.58, or 4.92%, to settle at Rs 11.22. The total volume of shares traded was 34,768 at the BSE (Friday).
