Praj Industries disclosed a substantial drop in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company declined 81.58% to Rs 46.40 million from Rs 251.90 million in the same quarter previous year.
Revenues for the quarter declined 23.39% to Rs 2,030.50 million, compared with Rs 2,650.40 million for the prior year period.
Operating margin for the quarter stood at 5.10 percent as compared to 7.37 percent for the previous year period. Operating Income for the quarter was Rs 103.50 million, compared with Rs 195.3 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.27, registering 80.71% decline over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 15 | Sep - 14 | %Change |
| Revenues | 2,030.50 | 2,650.40 | (23.39) |
| Net Profit | 46.40 | 251.90 | (81.58) |
| Diluted EPS | 0.27 | 1.40 | (80.71) |
Shares of the company declined Rs 0.7, or 0.81%, to settle at Rs 86.15 at the BSE (Thursday).
