Strides Arcolab swung to a profit for the quarter ended March 2015. During the quarter, the company reported a profit of Rs 696.64 million compared with a loss of Rs 482.66 million in the same quarter last year.
Revenues for the quarter declined marginally 0.65% to Rs 2,901.16 million, compared with Rs 2,920.14 million for the prior year period.
Earnings per share stood at Rs 11.65 compared with negative Rs 8.09 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 15 | Mar - 14 | %Change |
| Revenues | 2,901.17 | 2,920.14 | (0.65) |
| Net Profit | 696.65 | (482.66) | - |
| Diluted EPS | 11.65 | (8.09) | - |
Shares of the company gained Rs 2.2, or 0.19%, to trade at Rs 1,190.10. The total volume of shares traded was 352,474 at the BSE (3.26 p.m., Friday).
