Market News
3 min read | Updated on October 30, 2024, 13:03 IST
SUMMARY
At 12:50 pm, the S&P BSE SENSEX was trading at 80,272.71 levels, down 96 points, or 0.12% while the NSE's NIFTY50 index was trading at 24,451.10 points, down 16 points, or 0.06%.
Stock list
Shares of Marico jumped as much as 9.1% to ₹687 apiece on Wednesday after the company released its financial results for the quarter ended September 2024.
At 12:50 pm, the S&P BSE SENSEX was trading at 80,272.71 levels, down 96 points, or 0.12% while the NSE's NIFTY50 index was trading at 24,451.10 points, down 16 points, or 0.06%.
As per news reports, the company's consolidated net profit jumped 43.83% to ₹135.02 crore in Q2 FY25 as against ₹93.87 crore posted in Q2 FY24.
Revenue from operations grew 7.75% to ₹1,941.33 crore in the quarter ended 30 September 2024.
Marico reported a 20.27% jump in its consolidated net profit to ₹433 crore for the latest September quarter, aided by volume growth, pricing actions, and gains from the sale of fixed assets, according to a regulatory filing.
The air-conditioning maker and engineering services provider on Tuesday reported a more than two-fold jump in consolidated net profit to ₹132.83 crore for the September quarter.
The stock, however, recovered later and was trading nearly 3% lower at ₹1,718.85 on the BSE.
The company’s net profit fell 5.7% year-on-year, totaling ₹115 crore for the three months ended September 2024, down from ₹122 crore in the same quarter last year.
In the quarter ended September 30, 2024, the orders totalled ₹1,952 crore, up 11.7% year-on-year from ₹1,747.1 crore in July-September 2023.
About The Author
Next Story