Birla Corporation disclosed a drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 63.93% to Rs 262.00 million from Rs 726.30 million in the same quarter last year.
Net sales for the quarter rose 17.03% to Rs 7,934.90 million, compared with Rs 6,780 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.40, registering 63.94% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 7,934.90 | 6,780.30 | 17.03 |
| Net Profit | 262.00 | 726.30 | (63.93) |
| Basic EPS | 3.40 | 9.43 | (63.94) |
Shares of the company gained Rs 7, or 2.34%, to settle at Rs 306.00. The total volume of shares traded was 33,223 at the BSE (Thursday).
