Wheel & Axle Textiles disclosed a sharp rise in standalone net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 107.77 times to Rs 1.40 million from Rs 0.01 million in the same quarter previous year.
Operating margin for the quarter was stable at 10.98 percent when compared to previous year period. Operating Income for the quarter was Rs 21.79 million, compared with an operating loss of Rs 3.06 million in the previous year period.
Earnings per share for the quarter stood at Rs 2.80, registering 93.33 times growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 198.44 | NA | |
| Net Profit | 1.40 | 0.01 | 10676.92 |
| Diluted EPS | 2.80 | 0.03 | 9233.33 |
Shares of the company gained Rs 1.45, or 0.34%, to settle at Rs 426.00. The total volume of shares traded was 470 at the BSE (Thursday).
