M M Forgings disclosed a steep drop in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company declined 22.33% to Rs 101.63 million from Rs 130.84 million in the same quarter last year.
Revenues for the quarter declined 7.17% to Rs 1,185.98 million, compared with Rs 1,277.64 million for the prior year period.
Operating margin for the quarter stood at 179.80 percent as compared to 219.14 percent for the previous year period. Operating Income for the quarter was Rs 2,132.41 million, compared with Rs 2799.79 million in the previous year period.
Earnings per share for the quarter stood at Rs 8.42, registering 22.32% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Sep - 16 | Sep - 15 | %Change |
Revenues | 1,185.98 | 1,277.64 | (7.17) |
Net Profit | 101.63 | 130.85 | (22.33) |
Diluted EPS | 8.42 | 10.84 | (22.32) |
Shares of the company declined Rs 4.2, or 0.91%, to trade at Rs 455.95. The total volume of shares traded was 31,897 at the BSE (3.30 p.m., Thursday).