H E G announced a substantial rise in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company rose 32.53% to Rs 465.70 million from Rs 351.40 million in the same quarter last year.
Net sales for the quarter rose 12.35% to Rs 5,014.00 million, compared with Rs 4,463 million for the prior year period.
Earnings per share for the quarter stood at Rs 11.66, registering 32.50% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 5,014.00 | 4,463.00 | 12.35 |
| Net Profit | 465.70 | 351.40 | 32.53 |
| Basic EPS | 11.66 | 8.80 | 32.50 |
Shares of the company gained Rs 2.7, or 1.1%, to trade at Rs 247.15. The total volume of shares traded was 38,467 at the BSE (10.39 a.m., Tuesday).
