Kirloskar Brothers swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 198.58 million compared with a profit of Rs 34.40 million in the same quarter last year.
Net sales for the quarter declined 22.93% to Rs 3,281.85 million, compared with Rs 4,258.15 million for the prior year period.
Earnings per share stood negative at Rs 2.50 compared with Rs 0.43 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 3,281.85 | 4,258.15 | (22.93) |
| Net Profit | (198.58) | 34.40 | - |
| Basic EPS | (2.50) | 0.43 | - |
Shares of the company gained Rs 7.1, or 2.49%, to settle at Rs 292.00. The total volume of shares traded was 1,607 at the BSE (Tuesday).
