Ricoh India standalone quarterly profit plummets 76.76%
Source: IRIS (27-MAY-14)
Ricoh India said a substantial drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 76.76% to Rs 142.28 million from Rs 612.26 million in the same quarter previous year.
Net sales for the quarter surged 48.05% to Rs 3,545.36 million, compared with Rs 2,395 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.58, registering 76.75% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) | |||
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 3,545.37 | 2,394.68 | 48.05 |
| Net Profit | 142.28 | 612.26 | (76.76) |
| Basic EPS | 3.58 | 15.40 | (76.75) |
Shares of the company gained Rs 1.85, or 1.2%, to trade at Rs 156.55. The total volume of shares traded was 163,667 at the BSE (1.40 p.m., Tuesday).
Ricoh India Limited (Q,N,C,F)* - See more at: http://www.myiris.com/newsCent...sthash.QIBN2Lu7.dpuf