Tribhovandas Bhimji Zaveri (TBZ) swung to a loss for the quarter ended September 2015. During the quarter, the company reported a loss of Rs 121.01 million compared with a profit of Rs 5.50 million in the same quarter previous year.
Revenues for the quarter rose marginally 2.74% to Rs 4,380.23 million, compared with Rs 4,263 million for the prior year period.
Operating margin for the quarter stood at 0.20 percent as compared to 2.96 percent for the previous year period. Operating Income for the quarter was Rs 8.89 million, compared with Rs 126.149 million in the previous year period.
Shrikant Zaveri, chairman and managing director of the company stated that 'We are positive on the future business outlook and hope to see an improved demand in the upcoming festival and wedding season. Despite lower consumer sentiments and a challenging quarter, we maintained YoY sales and improved gross margin. Going forward, we aim to maintain a judicious mix of own and franchise stores to accelerate our growth and presence across India in an asset light manner.'
Earnings per share stood negative at Rs 1.81 compared with Rs 0.08 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 15 | Sep - 14 | %Change |
| Revenues | 4,380.23 | 4,263.23 | 2.74 |
| Net Profit | (121.01) | 5.50 | - |
| Diluted EPS | (1.81) | 0.08 | - |
Shares of the company declined Rs 4.3, or 3.46%, to trade at Rs 119.80 at the BSE (12.12 p.m., Wednesday).
