Engineers India announced a steep drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 37.84% to Rs 804.03 million from Rs 1,293.50 million in the same quarter previous year.
Net sales for the quarter declined marginally 1.81% to Rs 4.35 million, compared with Rs 4.43 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.39, registering 37.76% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 4.35 | 4.43 | (1.81) |
Net Profit | 804.03 | 1,293.50 | (37.84) |
Basic EPS | 2.39 | 3.84 | (37.76) |
Shares of the company declined Rs 35.95, or 12.97%, to trade at Rs 241.25. The total volume of shares traded was 316,480 at the BSE (10.41 a.m., Wednesday).