Tips Industries swings to loss in Oct-Dec quarter
Source: IRIS | 05 Feb, 2015, 03.59PM
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Tips Industries swung to a loss for the quarter ended December 2014. During the quarter, the company reported a loss of Rs 30.81 million compared with a profit of Rs 63.80 million in the same quarter previous year. Net sales for the quarter declined 86.28% to Rs 59.78 million, compared with Rs 435.90 million for the prior year period. Earnings per share stood negative at Rs 2.01 compared with Rs 4.15 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) | | As at | Dec - 14 | Dec - 13 | %Change | | Net Sales | 59.78 | 435.90 | (86.28) | | Net Profit | (30.81) | 63.80 | - | | Basic EPS | (2.01) | 4.15 | - |
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