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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
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
