Hindustan Copper standalone quarterly profit plummets 84.64%
Source: IRIS | 05 Feb, 2015, 05.06PM
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Hindustan Copper disclosed a substantial drop in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 84.64% to Rs 105.90 million from Rs 689.60 million in the same quarter last year. Net sales for the quarter declined 43.50% to Rs 2,413.10 million, compared with Rs 4,270.60 million for the prior year period. Earnings per share for the quarter stood at Rs 0.11, registering 85.33% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) | | As at | Dec - 14 | Dec - 13 | %Change | | Net Sales | 2,413.10 | 4,270.60 | (43.50) | | Net Profit | 105.90 | 689.60 | (84.64) | | Basic EPS | 0.11 | 0.75 | (85.33) |
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