Triveni Glass quarterly net falls 18.07%

Triveni Glass had announced a sharp drop in standalone net profit for the quarter ended June 2015.

Profit is down 18.07% to Rs 11.27 million from Rs 13.76 million in the same quarter previous year. Revenues for the quarter surged 46.08% to Rs 147.06 million, compared with Rs 101 million for the prior year period.

Operating margin for the quarter stood at 13.64 percent compared to 0.95 percent for the previous year period. Operating Income for the quarter was Rs 20.06 million, compared with Rs .957 million in the previous year period.

Earnings per share for the quarter stood at Rs 0.89, registering 18.35% decline over previous year period.