1:50 pm Results: FMCG major Marico has reported a 11.7
percent growth in consolidated net profit at Rs 118.3 crore in July-September
quarter led by higher revenue growth. Profit in the year-ago period was Rs
105.9 crore.
Consolidated total income from operations grew by 28 percent to Rs 1,431
crore in the quarter ended September 2014 compared to Rs 1,118.4 crore in same
quarter last year with volume growth of 7 percent.
"Volume growth in India was 8 percent and 5 percent in International
business," said the company in its filing.
1:30 pm Buzzing: Shares of Aurobindo Pharma hit record
high at Rs 1043.40 per share, up 4 percent intraday on Friday after it has
reported a whopping 58.3 percent growth in consolidated net profit at Rs 372
crore for July-September quarter led by US generics. Profit in the year-ago
period was Rs 235 crore.
Consolidated revenue grew by 50.5 percent to Rs 2,881 crore in the quarter
ended September 2014 compared to Rs 1,914 crore in the same quarter last year
driven largely by US business that reported a 60.7 percent growth during the
quarter.
Europe business in July-September quarter increased by 349.3 percent while
rest of the world business showed a 67.2 percent growth compared to year-ago
period.
The market consolidates with a negative bias. The Sensex is down 104.93
points at 27810.95 and the Nifty is down 23.25 points at 8315.05. About 1281
shares have advanced, 1496 shares declined, and 96 shares are unchanged.
Dr Reddy's Labs, Axis Bank, Hindalco, Sun Pharma and Infosys are top gainers
in the Sensex. Among the losers are Sesa Sterlite, BHEL, GAIL and SBI.
Asian shares edged down on ahead of US employment data later in the session,
while the euro wallowed around two-year lows after European Central Bank
President Mario Draghi vowed to take more easing steps to spark growth in the
euro zone.
Investors were likely to remain cautious ahead of the key US nonfarm
payrolls report. Solid gains in employment are projected, and could increase
speculation the Federal Reserve could raise US interest rates in the middle of
next year. More information please visit this site www.bigprofitbuzz.com
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