 "Marico Kaya rallies post Q2 results")
Marico kaya Enterprises has locked in upper circuit of 10% at Rs 672 on BSE, after the company said it has reported a consolidated net profit of Rs 12.6 crore for the second quarter ended September 30, 2014 (Q2), on back of strong revenue growth recorded by international business. The company had a net loss of Rs 1.1 crore in the same quarter last fiscal.
Revenue from operations of the company grew 15% to Rs 84 crore in July-September quarter over corresponding quarter of the previous year.
India business reported net revenue same store growth (SSG) of 10% and international business of 23% respectively, Marico Kaya said in a statement.
Meanwhile, the company posted a consolidated net profit of Rs 13.27 crore in first half (April-September) of the current financial year 2014-15 against a loss of Rs 7 crore during the same period last year.
The stock opened at Rs 664 and touched a low of Rs 655 on BSE. The trading volumes on the counter rose more than two-fold with a combined 503,388 shares changed hands till 1137 hours. There are pending buy orders for 44,869 shares on BSE and NSE.
Revenue from operations of the company grew 15% to Rs 84 crore in July-September quarter over corresponding quarter of the previous year.
India business reported net revenue same store growth (SSG) of 10% and international business of 23% respectively, Marico Kaya said in a statement.
Meanwhile, the company posted a consolidated net profit of Rs 13.27 crore in first half (April-September) of the current financial year 2014-15 against a loss of Rs 7 crore during the same period last year.
The stock opened at Rs 664 and touched a low of Rs 655 on BSE. The trading volumes on the counter rose more than two-fold with a combined 503,388 shares changed hands till 1137 hours. There are pending buy orders for 44,869 shares on BSE and NSE.