Indiabulls Wholesale Services announced a steep drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 35.05% to Rs 92.26 million from Rs 142.04 million in the same quarter last year.
Net sales for the quarter rose 27.21% to Rs 714.75 million, compared with Rs 562 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.73, registering 36.16% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 714.75 | 561.88 | 27.21 |
| Net Profit | 92.26 | 142.04 | (35.05) |
| Basic EPS | 1.73 | 2.71 | (36.16) |
Shares of the company declined Rs 0.6, or 3.07%, to settle at Rs 18.95. The total volume of shares traded was 41,339 at the BSE (Wednesday).
