Kirloskar Brothers swung to a loss for the quarter ended June 2016. During the quarter, the company reported a loss of Rs 34.63 million compared with a profit of Rs 75.01 million in the same quarter previous year.
Revenues for the quarter declined marginally 1.40% to Rs 3,761.55 million, compared with Rs 3,815.00 million for the prior year period.
Operating margin for the quarter stood at 31.09 percent as compared to 35.99 percent for the previous year period. Operating Income for the quarter was Rs 1,169.43 million, compared with Rs 1372.85 million in the previous year period.
Earnings per share stood negative at Rs 0.41 compared with Rs 0.98 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 3,761.55 | 3,815.00 | (1.40) |
| Net Profit | (34.63) | 75.01 | - |
| Diluted EPS | (0.41) | 0.98 | - |
Shares of the company declined Rs 11.6, or 7.72%, to settle at Rs 138.60. The total volume of shares traded was 153,196 at the BSE (Thursday).
