Gujarat Narmada Valley Fertilizers and Chemicals swung to a loss for the quarter ended June 2014. During the quarter, the company reported a loss of Rs 499.00 million compared with a profit of Rs 253.30 million in the same quarter last year.
Net sales for the quarter rose 5.65% to Rs 10,132.30 million, compared with Rs 9,591 million for the prior year period.
Earnings per share stood negative at Rs 3.21 compared with Rs 1.63 in same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 10,132.30 | 9,590.50 | 5.65 |
| Net Profit | (499.00) | 253.30 | - |
| Basic EPS | (3.21) | 1.63 | - |
Shares of the company declined Rs 0.05, or 0.05%, to settle at Rs 101.85. The total volume of shares traded was 16,007 at the BSE (Monday).
