India Cements disclosed a substantial drop in standalone net profit for the quarter ended December 2013. During the quarter, the profit of the company declined 98.39% to Rs 4.20 million from Rs 261.20 million in the same quarter last year.
Net sales for the quarter declined marginally 4.27% to Rs 10,376.40 million, compared with Rs 10,838.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.01, registering 98.82% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 13 | Dec - 12 | %Change |
| Net Sales | 10,376.40 | 10,838.80 | (4.27) |
| Net Profit | 4.20 | 261.20 | (98.39) |
| Basic EPS | 0.01 | 0.85 | (98.82) |
Shares of the company declined Rs 0.75, or 1.38%, to trade at Rs 53.75. The total volume of shares traded was 166,264 at the BSE (12.40 p.m., Monday).
