Religare Enterprises swung to a profit for the consolidated quarter ended June 2014. During the quarter, the company reported a profit of Rs 1.16 million compared with a loss of Rs 902.75 million in the same quarter last year.
Net sales for the quarter rose 10.22% to Rs 8,607.03 million, compared with Rs 7,809 million for the prior year period.
Earnings per share stood negative at Rs 0.05 compared with negative Rs 6.18 in the same quarter last year.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 8,607.03 | 7,808.95 | 10.22 |
| Net Profit | 1.16 | (902.75) | - |
| Basic EPS | (0.05) | (6.18) | - |
Shares of the company declined Rs 8.85, or 2.72%, to trade at Rs 316.15. The total volume of shares traded was 12,329 at the BSE (2.32 p.m., Friday).
