India Home Loan disclosed a steep drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 27.59% to Rs 1.20 million from Rs 1.66 million in the same quarter previous year.
Net sales for the quarter rose 5.03% to Rs 5.09 million, compared with Rs 5 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.08, registering 33.33% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 5.09 | 4.85 | 5.03 |
| Net Profit | 1.20 | 1.66 | (27.59) |
| Basic EPS | 0.08 | 0.12 | (33.33) |
Shares of the company declined Rs 1.4, or 2.9%, to settle at Rs 46.95. The total volume of shares traded was 720 at the BSE (Monday).
