T C F C Finance announced a sharp rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 97.22% to Rs 17.71 million from Rs 8.98 million in the same quarter last year.
Net sales for the quarter declined 90.89% to Rs 69.25 million, compared with Rs 759.90 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.69, registering 96.51% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 69.25 | 759.90 | (90.89) |
| Net Profit | 17.71 | 8.98 | 97.22 |
| Basic EPS | 1.69 | 0.86 | 96.51 |
Shares of the company declined Rs 1.6, or 5.8%, to settle at Rs 26.00. The total volume of shares traded was 667 at the BSE (Wednesday).
