National Steel and Agro Industries announced a drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 84.91% to Rs 11.80 million from Rs 78.20 million in the same quarter previous year.
Revenues for the quarter declined 13.45% to Rs 8,433.70 million, compared with Rs 9,744.20 million for the prior year period.
Operating margin for the quarter stood at 3.71 percent as compared to 4.52 percent for the previous year period. Operating Income for the quarter was Rs 312.80 million, compared with Rs 440.1 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.26, registering 85.23% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 8,433.70 | 9,744.20 | (13.45) |
Net Profit | 11.80 | 78.20 | (84.91) |
Diluted EPS | 0.26 | 1.76 | (85.23) |
Shares of the company declined Rs 0, or 0%, to settle at Rs 13.00. The total volume of shares traded was 16,200 at the BSE (Friday).