N G L Fine-Chem said a sharp drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 17.55% to Rs 8.93 million from Rs 10.83 million in the same quarter last year.
Net sales for the quarter rose 22.55% to Rs 208.47 million, compared with Rs 170 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.44, registering 17.71% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 208.47 | 170.11 | 22.55 |
Net Profit | 8.93 | 10.83 | (17.55) |
Basic EPS | 1.44 | 1.75 | (17.71) |
Shares of the company gained Rs 0.45, or 1.87%, to settle at Rs 24.50. The total volume of shares traded was 3,216 at the BSE (Monday).