Indian Hume Pipe Company disclosed a substantial rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 34.96% to Rs 56.24 million from Rs 41.67 million in the same quarter last year.
Net sales for the quarter rose 22.23% to Rs 1,969.36 million, compared with Rs 1,611 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.32, registering 34.88% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,969.36 | 1,611.18 | 22.23 |
Net Profit | 56.24 | 41.67 | 34.96 |
Basic EPS | 2.32 | 1.72 | 34.88 |
Shares of the company declined Rs 2.5, or 1.03%, to settle at Rs 240.50. The total volume of shares traded was 48,000 at the BSE (Friday).