Majestic Auto turns to profit in Apr-Jun quarter consolidated
Source: IRIS | 14 Aug, 2014, 06.13PM
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| Rating: NAN / 5 stars. |
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Majestic Auto swung to a profit for the quarter consolidated ended June 2014. During the quarter, the company reported a profit of Rs 124.80 million compared with a loss of Rs 73.60 million in the same quarter last year. Net sales for the quarter rose 25.02% to Rs 324.30 million, compared with Rs 259 million for the prior year period. Earnings per share stood at Rs 12.00 compared with negative Rs 7.08 in the same quarter last year.
| Quarterly Results - (Rs in mn) | | As at | Jun - 14 | Jun - 13 | %Change | | Net Sales | 324.30 | 259.40 | 25.02 | | Net Profit | 124.80 | (73.60) | - | | Basic EPS | 12.00 | (7.08) | - | Shares of the company declined Rs 0.35, or 0.61%, to settle at Rs 57.00. The total volume of shares traded was 1,742 at the BSE (Thursday).
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