Prism Cement disclosed a steep drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 22.97% to Rs 110.00 million from Rs 142.80 million in the same quarter previous year.
Net sales for the quarter rose 10.19% to Rs 15,239.60 million, compared with Rs 13,830 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.22, registering 24.14% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Mar - 14 | Mar - 13 | %Change |
Net Sales | 15,239.60 | 13,829.70 | 10.19 |
Net Profit | 110.00 | 142.80 | (22.97) |
Basic EPS | 0.22 | 0.29 | (24.14) |
Shares of the company declined Rs 0.65, or 1.18%, to trade at Rs 54.30. The total volume of shares traded was 169,835 at the BSE (3.10 p.m., Tuesday).