Steelcast swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 51.46 million compared with a profit of Rs 40.01 million in the same quarter last year.
Net sales for the quarter declined 72.94% to Rs 157.84 million, compared with Rs 583.32 million for the prior year period.
Earnings per share stood negative at Rs 2.83 compared with Rs 2.78 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 157.84 | 583.32 | (72.94) |
| Net Profit | (51.46) | 40.01 | - |
| Basic EPS | (2.83) | 2.78 | - |
Shares of the company gained Rs 1.95, or 5%, to settle at Rs 40.95. The total volume of shares traded was 29,417 at the BSE (Wednesday).
