The company had reported a net profit of Rs 71 crore in the same quarter ended last fiscal.
Operating profit during the December quarter dropped to Rs 20 crore compared with Rs 110 crore in the same quarter last fiscal.
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Net sales during the quarter under review was also lower at Rs 521 crore compared with Rs 623 crore in the quarter ended December 2013.
The stock opened at Rs 555 and touched a low of Rs 513. At 11:40AM, over 83,000 shares were traded on both the stock exchanges.
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