Heritage Foods said a substantial drop in net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 53.46% to Rs 69.18 million from Rs 148.66 million in the same quarter last year.
Net sales for the quarter rose 10.98% to Rs 4,377.50 million, compared with Rs 3,944 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.98, registering 53.51% decline over previous year period.
Quarterly Results - (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 4,377.50 | 3,944.42 | 10.98 |
Net Profit | 69.18 | 148.66 | (53.46) |
Basic EPS | 2.98 | 6.41 | (53.51) |
Shares of the company declined Rs 12.65, or 3.58%, to trade at Rs 340.25. The total volume of shares traded was 66,891 at the BSE (3.44 p.m., Friday).