Hercules Hoists standalone quarterly profit plummets 64.62%
Source: IRIS | 09 Feb, 2015, 03.36PM
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Rating: NAN / 5 stars. |
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Hercules Hoists disclosed a substantial drop in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 64.62% to Rs 17.99 million from Rs 50.84 million in the same quarter last year. Net sales for the quarter declined 29.93% to Rs 202.57 million, compared with Rs 289.10 million for the prior year period. Earnings per share for the quarter stood at Rs 0.56, registering 64.78% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) | As at | Dec - 14 | Dec - 13 | %Change | Net Sales | 202.58 | 289.10 | (29.93) | Net Profit | 17.99 | 50.84 | (64.62) | Basic EPS | 0.56 | 1.59 | (64.78) |
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