Gujarat Meditech said its net loss for the quarter ended June 2014 has narrowed to Rs 0.01. During the quarter, the in the same quarter last year. Net sales for the quarter declined 16.00% to Rs 0.21 million, compared with Rs 0.25 million for the prior year period.
Gujarat Meditech, manufactures intra ocular lenses (IOL). The company was incorporated on Dec. 17, 1991 and is based in Ahmedabad, India. GML has been promoted by Dr.Kuldeep Grover and his associates. The company set up a project for manufacture of pieces Infra Ocular Lens in district Mehsana, Gujarat.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 0.21 | 0.25 | (16.00) |
Net Profit | (0.01) | (0.14) | - |
Basic EPS | NA | NA | |
Shares of the company declined Rs 0.28, or 4.98%, to trade at Rs 5.34. The total volume of shares traded was 1,601 at the BSE (12.47 p.m., Wednesday).