Z F Steering Gear (India) swung to a profit for the quarter ended December 2014. During the quarter, the company reported a profit of Rs 44.81 million compared with a loss of Rs 146.89 million in the same quarter previous year.
Net sales for the quarter rose 14.73% to Rs 707.99 million, compared with Rs 617 million for the prior year period.
Earnings per share stood at Rs 4.94 compared with negative Rs 16.19 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 14 | Dec - 13 | %Change |
| Net Sales | 707.99 | 617.10 | 14.73 |
| Net Profit | 44.81 | (146.89) | - |
| Basic EPS | 4.94 | (16.19) | - |
Shares of the company declined Rs 60.5, or 6.61%, to trade at Rs 855.00. The total volume of shares traded was 76,871 at the BSE (12.56 p.m., Thursday).
