Sri Lakshmi Saraswathi Textiles (Arni) swung to a loss for the quarter ended September 2014. During the quarter, the company reported a loss of Rs 7.10 million compared with a profit of Rs 12.77 million in the same quarter last year.
Net sales for the quarter declined 5.25% to Rs 290.13 million, compared with Rs 306.20 million for the prior year period.
Earnings per share stood negative at Rs 2.13 compared with Rs 3.83 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 290.13 | 306.20 | (5.25) |
| Net Profit | (7.10) | 12.77 | - |
| Basic EPS | (2.13) | 3.83 | - |
Shares of the company gained Rs 1.25, or 4.99%, to trade at Rs 26.30. The total volume of shares traded was 200 at the BSE (1.32 p.m., Friday).
