Kirloskar Brothers shares fell on Wednesday after the company announced a steep drop in standalone net profit for the quarter ended March 2014.  The company reported decline of 36.82% in net profit to Rs 151.63 million from Rs 240 million in the same quarter previous year.

Net sales for the quarter declined 12.20% to Rs 4,854.25 million, compared with Rs 5,528.55 million for the prior year period.

Shares of the company are trading at Rs 169.00, down Rs 3.05, or 1.77% at the Bombay Stock Exchange (BSE) on Wednesday at 9:34 a.m.

The scrip has touched an intra-day high of Rs 170.15 and low of Rs 169.00. The total volume of shares traded at the BSE is 458.

In the earlier session, the shares lost 2.96%, or Rs 5.25, at Rs 172.05.

Currently, the stock is trading down 5.59% from its 52-week high of Rs 179.00 and above 25.19% over the 52-week low of Rs 135.