Ador Welding announced a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 69.75% to Rs 27.50 million from Rs 16.20 million in the same quarter last year.
Net sales for the quarter rose 8.05% to Rs 741.20 million, compared with Rs 686 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.02, registering 69.75% growth over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 741.20 | 686.00 | 8.05 |
Net Profit | 27.50 | 16.20 | 69.75 |
Basic EPS | 2.02 | 1.19 | 69.75 |
Shares of the company declined Rs 5.3, or 2.35%, to trade at Rs 219.95. The total volume of shares traded was 334 at the BSE (3.32 p.m., Monday).