Advanta announced a sharp rise in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 10.80 times to Rs 189.22 million from Rs 17.52 million in the same quarter previous year.
Net sales for the quarter rose 24.10% to Rs 3,865.98 million, compared with Rs 3,115 million for the prior year period.
Earnings per share for the quarter stood at Rs 2.23, registering 10.62 times growth over previous year period.
Quarterly Results - consolidated (Rs in mn) |
As at | Sep - 14 | Sep - 13 | %Change |
Net Sales | 3,865.98 | 3,115.20 | 24.10 |
Net Profit | 189.22 | 17.52 | 980.31 |
Basic EPS | 2.23 | 0.21 | 961.90 |
Shares of the company gained Rs 11, or 3.59%, to trade at Rs 317.00. The total volume of shares traded was 19,069 at the BSE (2.19 p.m., Friday).