Ashirwad Steels and Industries swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 1.74 million compared with a profit of Rs 1.92 million in the same quarter last year.
Net sales for the quarter rose 25.13% to Rs 40.06 million, compared with Rs 32 million for the prior year period.
Earnings per share stood negative at Rs 0.14 compared with Rs 0.15 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 40.06 | 32.02 | 25.13 |
| Net Profit | (1.74) | 1.92 | - |
| Basic EPS | (0.14) | 0.15 | - |
Shares of the company gained Rs 0.25, or 4.84%, to settle at Rs 5.42. The total volume of shares traded was 75 at the BSE (Wednesday).
