Birla Corporation said a steep drop in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 21.93% to Rs 324.60 million from Rs 415.80 million in the same quarter previous year.
Net sales for the quarter for the quarter rose 10.83 times to Rs 78,111.10 million, compared with Rs 7,209.90 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.22, registering 21.85% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 78,111.10 | 7,209.90 | 983.39 |
| Net Profit | 324.60 | 415.80 | (21.93) |
| Basic EPS | 4.22 | 5.40 | (21.85) |
Shares of the company declined Rs 9.3, or 1.74%, to settle at Rs 523.75. The total volume of shares traded was 68,488 at the BSE (Wednesday).
