T V S Electronics swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 2.20 million compared with a loss of Rs 29.80 million in the same quarter last year.
Net sales for the quarter rose 9.53% to Rs 596.70 million, compared with Rs 545 million for the prior year period.
Earnings per share stood at Rs 0.12 compared with negative Rs 1.65 in the same quarter last year.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 596.70 | 544.80 | 9.53 |
Net Profit | 2.20 | (29.80) | - |
Basic EPS | 0.12 | (1.65) | - |
Shares of the company declined Rs 1.15, or 3.66%, to settle at Rs 30.25. The total volume of shares traded was 6,111 at the BSE (Monday).