Kirloskar Pneumatic Company swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 2.50 million compared with a profit of Rs 117.90 million in the same quarter last year.
Net sales for the quarter declined 39.48% to Rs 733.10 million, compared with Rs 1,211.40 million for the prior year period.
Earnings per share stood negative at Rs 0.20 compared with Rs 9.18 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 733.10 | 1,211.40 | (39.48) |
| Net Profit | (2.50) | 117.90 | - |
| Basic EPS | (0.20) | 9.18 | - |
Shares of the company declined Rs 58.2, or 8.94%, to trade at Rs 593.05. The total volume of shares traded was 5,651 at the BSE (2.00 p.m., Wednesday).
