Marico has reported results for the second quarter ended September 30, 2013.
The company has reported 60.40% rise in its net profit at Rs 120.22 crore for the quarter 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.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 207.90 |
| Patanjali Foods | 460.35 |
| Gokul Agro Resources | 237.30 |
| Marico | 814.70 |
| BCL Industries | 36.23 |
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