CMC declines on reporting 21% fall in Q4 consolidated net profit

16 Apr 2015 Evaluate

CMC is currently trading at Rs. 1970.00, down by 31.70 points or 1.58% from its previous closing of Rs. 2001.70 on the BSE.

The scrip opened at Rs. 1990.00 and has touched a high and low of Rs. 1993.05 and Rs. 1970.00 respectively. So far 1685 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2403.00 on 08-Sep-2014 and a 52 week low of Rs. 1355.00 on 19-May-2014.

Last one week high and low of the scrip stood at Rs. 2067.00 and Rs. 1995.25 respectively. The current market cap of the company is Rs. 5978.95 crore.

The promoters holding in the company stood at 51.12 % while Institutions and Non-Institutions held 36.06 % and 12.82 % respectively.

CMC has reported a fall of 59.77% in its net profit at Rs 52.60 crore for the quarter ended March 31, 2015 as compared to Rs 130.74 crore for the same quarter in the previous year. Total income from operations of the company has decreased by 12.98% at Rs 356.35 crore for quarter under review as compared to Rs 409.49 crore for the quarter ended March 31, 2014.

On consolidated basis, the company has posted a fall of 21.07% in its net profit at Rs 70.58 crore for the quarter ended March 31, 2015 as compared to Rs 89.43 crore for the corresponding quarter in the FY14. However, total income from operations of the company has rose 5.97% at Rs 670.71 crore for quarter under review as compared to Rs 632.91 crore for the same quarter ended previous year.

For the year ended March 31, 2015, the company has posted a fall of 38.88% in its net profit at Rs 197.78 crore as compared to Rs 323.60 crore for the same period in the previous year. Total income from operations of company decreased 2.16% at Rs 1302.14 crore for year under review as compared to Rs 1330.90 crore for the period ended March 31, 2014.

For the year ended March 31, 2015, on the consolidated basis, the company has posted a marginal fall of 1.18% in its net profit at Rs 277.12 crore as compared to Rs 280.42 crore for the same period in the previous year. However, total income from operations of company has increased by 12.05% at Rs 2527.81 crore for year under review as compared to Rs 2255.93 crore for the period ended March 31, 2014.

 

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