Max India disclosed a sharp drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 19.66% to Rs 812.60 million from Rs 1,011.40 million in the same quarter previous year.
Net sales for the quarter declined 59.91% to Rs 1,117.60 million, compared with Rs 2,787.40 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.04, registering 19.79% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 1,117.60 | 2,787.40 | (59.91) |
Net Profit | 812.60 | 1,011.40 | (19.66) |
Basic EPS | 3.04 | 3.79 | (19.79) |
Shares of the company declined Rs 3.3, or 1.09%, to trade at Rs 300.10. The total volume of shares traded was 9,786 at the BSE (1.01 p.m., Wednesday).