Bhoruka Aluminium swings to loss in Apr-Jun quarter

Bhoruka Aluminium  swung to a loss for the quarter ended June 2014.  During the quarter, the company reported a loss of INR 1.44 million compared with a profit of INR 376.00 million  in the same quarter previous year.

Net sales for the quarter declined 99.43% to INR 0.39 million, compared with INR 68.27 million for the prior year period.

Earnings per share stood negative at INR 0.03 compared with INR 6.84 in same quarter last year.
Quarterly Results - Standalone (INR in mn)
As at        Jun - 14     Jun - 13     %Change
Net Sales      0.39        68.27        (99.43)
Net Profit     (1.44)     376.00         -
Basic EPS      (0.03)      6.84           -

Shares of the company declined INR 0.04, or 3.7%, to trade at  INR 1.04.  The total volume of shares traded  was  5,171 at the BSE.

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