Sutlej Textiles and Industries said a steep drop in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 28.52% to Rs 304.80 million from Rs 426.40 million in the same quarter previous year.
Net sales for the quarter declined 6.70% to Rs 4,590.30 million, compared with Rs 4,919.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 18.60, registering 28.54% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 4,590.30 | 4,919.80 | (6.70) |
| Net Profit | 304.80 | 426.40 | (28.52) |
| Basic EPS | 18.60 | 26.03 | (28.54) |
Shares of the company declined Rs 5, or 1.41%, to trade at Rs 350.00. The total volume of shares traded was 5,828 at the BSE (11.53 a.m., Wednesday).
