Mcleod Russel India swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 320.00 million compared with a profit of Rs 262.10 million in the same quarter previous year.
Net sales for the quarter declined 42.92% to Rs 1,006.60 million, compared with Rs 1,763.40 million for the prior year period.
Earnings per share stood negative at Rs 2.92 compared with Rs 2.39 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 1,006.60 | 1,763.40 | (42.92) |
| Net Profit | (320.00) | 262.10 | - |
| Basic EPS | (2.92) | 2.39 | - |
Shares of the company declined Rs 6.5, or 2.26%, to settle at Rs 280.95. The total volume of shares traded was 29,110 at the BSE (Wednesday).
