Escorts announced a drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 41.49% to Rs 341.11 million from Rs 583.04 million in the same quarter previous year.
Net sales for the quarter declined marginally 3.98% to Rs 11,291.06 million, compared with Rs 11,759.33 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.86, registering 42.69% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 11,291.06 | 11,759.33 | (3.98) |
| Net Profit | 341.11 | 583.04 | (41.49) |
| Basic EPS | 2.86 | 4.99 | (42.69) |
Shares of the company declined Rs 1.1, or 0.89%, to trade at Rs 121.90. The total volume of shares traded was 97,940 at the BSE (3.54 p.m., Monday).
