WABCO India disclosed a sharp drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 13.34% to Rs 306.64 million from Rs 353.86 million in the same quarter previous year.
Net sales for the quarter rose 23.12% to Rs 3,235.90 million, compared with Rs 2,628 million for the prior year period.
Earnings per share for the quarter stood at Rs 16.17, registering 13.34% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 3,235.90 | 2,628.19 | 23.12 |
| Net Profit | 306.64 | 353.86 | (13.34) |
| Basic EPS | 16.17 | 18.66 | (13.34) |
Shares of the company gained Rs 72.85, or 2.05%, to settle at Rs 3,625.00. The total volume of shares traded was 721 at the BSE (Monday).
