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CMC reports 16% rise in Q3 Consolidated net profit

14 Jan 2014 Evaluate

CMC has reported results for third quarter ended December 31, 2013.

The company has reported 15.14% rise in its net profit after tax at Rs 50.57 crore for the quarter as compared to Rs 43.92 crore for the same quarter in the previous year. Total income from operations of the company has increased by 12.48% at Rs 294.51 crore for quarter under review as compared to Rs 261.83 crore for the quarter ended December 31, 2012.

On Consolidated basis, the company has posted a rise of 15.52% in its net profit at Rs 70.54 crore for the quarter ended December 31, 2013 as compared to Rs 61.06 crore for the same quarter in the previous year. Total income has increased by 13.79% at Rs 560.96 crore for quarter under review as compared to Rs 492.97 crore for the quarter ended December 31, 2012.

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