Gyscoal Alloys swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 8.28 million compared with a profit of Rs 3.31 million in the same quarter previous year.
Net sales for the quarter declined 52.05% to Rs 480.57 million, compared with Rs 1,002.27 million for the prior year period.
Earnings per share stood negative at Rs 0.52 compared with Rs 0.21 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 480.57 | 1,002.27 | (52.05) |
| Net Profit | (8.28) | 3.31 | - |
| Basic EPS | (0.52) | 0.21 | - |
Shares of the company declined Rs 0.5, or 1.05%, to trade at Rs 47.00. The total volume of shares traded was 7,518 at the BSE (12.51 p.m., Thursday).
