Torrent Cables standalone quarterly net plummets 67.69%
Source: IRIS | 09 Feb, 2015, 12.54PM
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Rating: NAN / 5 stars. |
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Torrent Cables announced a drop in standalone net profit for the quarter ended December 2014. During the quarter, the profit of the company declined 67.69% to Rs 4.48 million from Rs 13.88 million in the same quarter previous year. Net sales for the quarter rose 23.94% to Rs 767.83 million, compared with Rs 620 million for the prior year period. Earnings per share for the quarter stood at Rs 0.52, registering 67.70% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) | As at | Dec - 14 | Dec - 13 | %Change | Net Sales | 767.83 | 619.50 | 23.94 | Net Profit | 4.48 | 13.88 | (67.69) | Basic EPS | 0.52 | 1.61 | (67.70) |
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