Marico gains on reporting 60% rise in Q2 net profit

29 Oct 2013 Evaluate

Marico is currently trading at Rs. 214.30, up by 2.15 points or 1.01% from its previous closing of Rs. 212.15 on the BSE.

The scrip opened at Rs. 213.90 and has touched a high and low of Rs. 221.00 and Rs. 210.60 respectively. So far 207562 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs. 251.10 on 31-May-2013 and a 52 week low of Rs. 190.50 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 215.75 and Rs. 207.05 respectively. The current market cap of the company is Rs. 13980.46 crore.

The promoters holding in the company stood at 59.69% while Institutions and Non-Institutions held 33.48% and 6.83% respectively.

Marico has reported 60.40% rise in its net profit at Rs 120.22 crore for second quarter ended September 30, 2013 as compared to Rs 74.95 crore for the same quarter in the previous year. Total income of the company has increased by 7.16% at Rs 894.79 crore for quarter under review as compared to Rs 835.03 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has registered a growth of 23.28% in net profit after taxes, minority interest and share of profit / (loss) of associates  at Rs 105.86 crore as compared to Rs 85.87 crore in the same quarter previous year.  However, total income of the group fall 2.99% to Rs 1131.17 crore for quarter under review as against Rs 1166.00 crore in corresponding quarter previous year

The Kaya Business, earlier a part of Marico, has been demerged effective October 17, 2013, with April 01, 2013 as the Appointed Date. Pursuant to the De-merger Scheme, the transfer of Kaya Business to Marico Kaya Enterprises (MaKE) has been accounted by the Company by recording the transfer of the relevant assets and liabilities of the Kaya Business at their book values as of the appointed date. The excess of book value of assets over liabilities has been adjusted against Securities Premium Account.

Marico Share Price

625.95 -2.30 (-0.37%)
23-Dec-2024 09:43 View Price Chart
Peers
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