Coromandel Engineering Company said its net loss for the quarter ended June 2014 has widened to Rs 55.06. It reported a net loss of Rs 49.44 million in the same quarter last year.
Net sales for the quarter declined 15.98% to Rs 361.57 million, compared with Rs 430.35 million for the prior year period.
Earnings per share stood negative at Rs 1.66 compared with negative Rs 2.64 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 361.57 | 430.35 | (15.98) |
| Net Profit | (55.06) | (49.44) | - |
| Basic EPS | (1.66) | (2.64) | - |
Shares of the company declined Rs 0.5, or 0.84%, to settle at Rs 59.00. The total volume of shares traded was 8,072 at the BSE (Wednesday).
