J M C Projects (India) disclosed a sharp drop in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company declined 16.64% to Rs 54.10 million from Rs 64.90 million in the same quarter previous year.
Net sales for the quarter declined 9.80% to Rs 2,599 million, while total income for the quarter fell 9.73% to Rs 2,601.50 million, when compared with the prior year period.
It reported earnings of Rs 2.48 a share during the quarter, registering 30.73% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 10 | Jun - 09 | %Change |
| Net Sales | 2,598.90 | 2,881.30 | (9.80) |
| Net Profit | 54.10 | 64.90 | (16.64) |
| Basic EPS | 2.48 | 3.58 | (30.73) |
Shares of the company declined Rs 4.05, or 2.03%, to settle at Rs 195.15. The total volume of shares traded was 52,113 at the BSE (Friday).
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