Available Finance disclosed a substantial drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 61.15% to Rs 0.37 million from Rs 0.94 million in the same quarter previous year.
Net sales for the quarter rose 36.13% to Rs 5.62 million, compared with Rs 4 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.04, registering 55.56% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 5.62 | 4.13 | 36.13 |
| Net Profit | 0.37 | 0.94 | (61.15) |
| Basic EPS | 0.04 | 0.09 | (55.56) |
Shares of the company gained Rs 0.15, or 1.75%, to settle at Rs 8.70. The total volume of shares traded was 425 at the BSE (Thursday).
