Kanoria Chemicals & Industries disclosed a sharp drop in standalone net profit for the quarter ended December 2015. During the quarter, the profit of the company declined 12.63% to Rs 42.90 million from Rs 49.10 million in the same quarter previous year.
Revenues for the quarter declined 14.64% to Rs 734.80 million, compared with Rs 860.80 million for the prior year period.
Operating margin for the quarter stood at 9.04 percent as compared to 6.85 percent for the previous year period. Operating Income for the quarter was Rs 66.40 million, compared with Rs 59 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.98, registering 12.50% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 15 | Dec - 14 | %Change |
| Revenues | 734.80 | 860.80 | (14.64) |
| Net Profit | 42.90 | 49.10 | (12.63) |
| Diluted EPS | 0.98 | 1.12 | (12.50) |
Shares of the company declined Rs 0.6, or 0.95%, to settle at Rs 62.50. The total volume of shares traded was 9,361 at the BSE (Tuesday).
