Menon Pistons said a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 3.59 times to Rs 10.91 million from Rs 3.04 million in the same quarter previous year.
Net sales for the quarter declined 5.43% to Rs 328.93 million, compared with Rs 347.83 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.14, registering 3.57 times growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 328.93 | 347.83 | (5.43) |
Net Profit | 10.91 | 3.04 | 258.97 |
Basic EPS | 2.14 | 0.60 | 256.67 |
Shares of the company gained Rs 3.85, or 3.9%, to settle at Rs 102.50. The total volume of shares traded was 1,739 at the BSE (Wednesday).