Rane (Madras) swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 36.12 million compared with a loss of Rs 27.68 million in the same quarter last year.
Net sales for the quarter rose 14.07% to Rs 1,765.30 million, compared with Rs 1,548 million for the prior year period.
Earnings per share stood at Rs 3.28 compared with negative Rs 2.72 in the same quarter last year.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,765.30 | 1,547.55 | 14.07 |
Net Profit | 36.13 | (27.68) | - |
Basic EPS | 3.28 | (2.72) | - |
Shares of the company declined Rs 29.8, or 9.07%, to settle at Rs 298.60. The total volume of shares traded was 3,286 at the BSE (Friday).