Automotive component manufacturer Subros Ltd today reported a decline of 45.59 per cent in its standalone net profit at Rs 3.27 crore for the third quarter ended December 31, 2016.
The company had posted a net profit of Rs 6.01 crore in October-December period of last fiscal, Subros said in a statement.
However, its net sales was up 13.42 per cent during the period under review to Rs 372.90 crore as against Rs 328.76 crore of the corresponding quarter of the previous fiscal.
Subros' total expenses were at Rs 352.04 crore, down 13 per cent from Rs 311.53 crore of the corresponding quarter.
Shares of Subros Ltd were trading at Rs 179.55 on BSE post afternoon, down 2.47 per cent from previous close.
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