Ion Exchange (India) announced a steep drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 31.35% to Rs 28.90 million from Rs 42.10 million in the same quarter last year.
Net sales for the quarter declined 20.15% to Rs 1,239.00 million, compared with Rs 1,551.60 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.97, registering 31.36% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,239.00 | 1,551.60 | (20.15) |
Net Profit | 28.90 | 42.10 | (31.35) |
Basic EPS | 1.97 | 2.87 | (31.36) |
Shares of the company declined Rs 2.8, or 1.75%, to settle at Rs 157.50. The total volume of shares traded was 1,328 at the BSE (Monday).