Austin Engineering Company announced a sharp rise in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 2.57 times to Rs 10.72 million from Rs 4.17 million in the same quarter last year.
Net sales for the quarter rose 20.98% to Rs 233.71 million, compared with Rs 193 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.08, registering 2.57 times growth over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 233.71 | 193.18 | 20.98 |
| Net Profit | 10.73 | 4.17 | 157.13 |
| Basic EPS | 3.08 | 1.20 | 156.67 |
Shares of the company gained Rs 1.75, or 2.2%, to trade at Rs 81.20. The total volume of shares traded was 14,424 at the BSE (2.11 p.m., Wednesday).
