Market Watch

Thursday, 30 July 2015

Stock Market Quarterly Results by CapitalHeight

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 Vedanta net Melts 35% on market conditions
Challenging Market Condition ansd volatility in commodity prices pulled down consolidate the mining major Vedanta by 35 percent.”Debt Level are expected to reduce as working capital is repaid in q2 of 2015-16” the statement said .The stock on Wednesday, closed at 130.60 rupee on BSE, up 1.67percent
Essar Oil Net jumps 55%
Essar oil and gas armof the Rulias Controlled Essar Group has posted a 55 percent jump in net profit for the april june period of 2015-16 of 1063 Crore against 684, in the corresponding quarter a year ago.

 Dabur Profit up 24 %
Dabur India, the country's largest ayurvedic products company, posted a 24 per cent increase in net profit to Rs 262 crore versus Rs 211 crore a year ago, in line with Street estimates. Net sales increased 11 per cent to Rs 2,064 crore from Rs 1,864 crore a year ago, led by 8.6 per cent underlying volume growth.
Bloomberg consensus estimates had pegged net sales and net profit of Dabur at Rs 2,067 crore and Rs 255 crore, respectively. The company was helped by lower crude oil prices, reporting a decline in material costs by 6.4 per cent over last year. Operating profit level growth seen was 20 per cent driven by cost efficiencies,
 GCPL Net Rises 39 %
The fast moving consumer goods arm of the Rs 13,500-croreGodrej Group reported a 39 per cent growth in net profit to Rs 199 crore against Rs 143 crore a year ago. Net sales grew 11 per cent for the quarter, touching Rs 2,095 crore against Rs 1,886 crore a year ago, Godrej Consumer (GCPL) said.
The domestic business, which gives 55 per cent of revenues, grew 12 per cent during the quarter, aided by volume growth. Rural markets grew 1.6 times that of urban markets in the June quarter in contrast to the overall FMCG market, which has seen growth rates crimp in the hinterland. The international business reported double-digit growth of 11 per cent

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