Tilaknagar Industries disclosed a substantial drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 55.41% to Rs 75.25 million from Rs 168.74 million in the same quarter last year.
Net sales for the quarter declined 8.76% to Rs 2,195.39 million, compared with Rs 2,406.13 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.60, registering 54.89% decline over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 2,195.39 | 2,406.13 | (8.76) |
| Net Profit | 75.25 | 168.74 | (55.41) |
| Basic EPS | 0.60 | 1.33 | (54.89) |
Shares of the company declined Rs 3.85, or 6.29%, to settle at Rs 57.40. The total volume of shares traded was 358,046 at the BSE (Monday).
