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% |
For the quarter ended December 2020, MARICO has posted a net profit of Rs 3 bn (up 13.0% YoY). Sales on the other hand came in at Rs 21 bn (up 16.3% YoY). Read on for a complete analysis of MARICO's quarterly results.
Here's an analysis of the annual report of MARICO for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of MARICO. Also includes updates on the valuation of MARICO.
For the quarter ended September 2020, MARICO has posted a net profit of Rs 3 bn (up 8.3% YoY). Sales on the other hand came in at Rs 20 bn (up 8.7% YoY). Read on for a complete analysis of MARICO's quarterly results.
More Views on NewsA tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.
In this video I'll show you exactly how I go about picking stocks for trading.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
What should you do if the market falls? In this video, I'll tell you what I will do.
Ajit Dayal on how India's vaccine strategy will impact the markets.
More
Equitymaster requests your view! Post a comment on "Marico's net declines 12%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!