Wheel & Axle Textiles swung to a profit for the quarter ended June 2016. During the quarter, the company reported a profit of Rs 1.90 million compared with a loss of Rs 0.06 million in the same quarter last year.
Revenues for the quarter for the quarter jumped 4,378.83 times to Rs 262.73 million, compared with Rs 0.06 million for the prior year period.
Total expenses as a percent of revenues decreased to 89.20 percent from 1,016.67 percent in the same period last year. This has led to an improvement of 92746 basis points in operating margin to 10.80 percent.
Operating margin for the quarter stood at positive 916.67 percent as compared to a negative 916.67 percent for the previous year period. Operating Income for the quarter was Rs 28.37 million, compared with an operating loss of Rs 0.55 million in the previous year period.
Earnings per share stood at Rs 3.80 compared with negative Rs 0.11 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 262.73 | 0.06 | 437783.33 |
| Net Profit | 1.90 | (0.06) | - |
| Diluted EPS | 3.80 | (0.11) | - |
Shares of the company gained Rs 4.45, or 1.2%, to settle at Rs 376.00. The total volume of shares traded was 541 at the BSE (Monday).
