Max India disclosed a substantial drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 46.89% to Rs 83.60 million from Rs 157.40 million in the same quarter previous year.
Net sales for the quarter rose 18.26% to Rs 2,142.70 million, compared with Rs 1,812 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.31, registering 47.46% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 2,142.70 | 1,811.80 | 18.26 |
| Net Profit | 83.60 | 157.40 | (46.89) |
| Basic EPS | 0.31 | 0.59 | (47.46) |
Shares of the company gained Rs 4.25, or 1.75%, to settle at Rs 247.65. The total volume of shares traded was 10,159 at the BSE (Wednesday).
