H E G swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 189.40 million compared with a loss of Rs 93.20 million in the same quarter last year.
Net sales for the quarter surged 47.62% to Rs 3,473.10 million, compared with Rs 2,353 million for the prior year period.
Earnings per share stood at Rs 4.74 compared with negative Rs 2.33 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 3,473.10 | 2,352.70 | 47.62 |
| Net Profit | 189.40 | (93.20) | - |
| Basic EPS | 4.74 | (2.33) | - |
Shares of the company gained Rs 17.6, or 6.76%, to trade at Rs 277.85. The total volume of shares traded was 62,344 at the BSE (3.45 p.m., Wednesday).
