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Marico's net declines 12%

Jan 24, 2000

Marico Industries has posted a 12% decline in net profits during the quarter ended 31st December 1999. The company has posted stagnant operating margins. However a rise in finance charges and depreciation expenditure has reduced the overall profitability of the firm. The net profit margins have declined to 4.5% during the quarter. The company has accounted for an extraordinary income of 17.8 m during the quarter. Ignoring this, the company has suffered a sharp fall in profitability.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 1,721.0 1,543.7 11.5%
Other Income 1.9 2.4 -22.7%
Total Expenditure 1,581.6 1,418.5 11.5%
Finance Charges 15.7 12.9 21.1%
Depreciation 19.5 13.2 47.3%
Profit before Tax
(including extraordinary item)
88.4 101.4 -12.9%
Tax 10.5 13.3 -21.1%
Profit after Tax/(Loss) 77.9 88.1 -11.7%
Net profit margin (%) 4.5% 5.7%  

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