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MARICO LTD. - Announces Q1 results and Limited Review Report for the Quarter ended June 30, 2014
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04 Aug 2014
Marico Ltd has announced the following results for the quarter ended June 30, 2014:&lt;br/&gt;&lt;br/&gt;The Unaudited Standalone results for the Quarter ended June 30, 2014&lt;br/&gt;&lt;br/&gt;The Company has posted a net profit of Rs. 1443.907 million for the quarter ended June 30, 2014 as compared to Rs. 1380.682 million for the quarter ended June 30, 2013. Total Income has increased from Rs. 10663.665 million for the quarter ended June 30, 2013 to Rs. 13624.765 million for the quarter ended June 30, 2014.&lt;br/&gt;&lt;br/&gt;The Unaudited Consolidated results for the Quarter ended June 30, 2014&lt;br/&gt;&lt;br/&gt;The Group has posted a net profit of Rs. 1852.787 million for the quarter ended June 30, 2014 where as the same was at net profit of Rs. 1577.262 million for the quarter ended June 30, 2013. Total Income is Rs. 16414.501 million for the quarter ended June 30, 2014 where as the same was at Rs. 13963.124 million for the quarter ended June 30, 2013.&lt;br/&gt;&lt;br/&gt;&quot;The Kaya Business, earlier a part of Marico, has been demerged effective October 17, 2013, with April 1, 2013 as the Appointed Date. Pursuant to the demerger Scheme, the transfer of Kaya Business to Marico Kaya Enterprises Limited (&quot;MaKE&quot;) has been accounted by the Company by recording the transfer of the relevant assets and liabilities of the Kaya Business at their book values as of the appointed date. In accordance with the scheme approved by Honorable High Court of Bombay, the excess of book value of assets over liabilities has been adjusted against Securities Premium Reserve and all the shares held by Marico in MaKE were cancelled without any payment.&lt;br/&gt;&lt;br/&gt;Further pursuant to the scheme, as on the Record Date i.e. November 5, 2013, every shareholder holding 50 fully paid equity shares with a face value of Re. 1 each in Marico Limited has been allotted 1 fully paid equity share with a face value of Rs. 10 each of MaKE.&lt;br/&gt;&lt;br/&gt;Accordingly, the financial results of the Kaya Business do not form part of the unaudited financial results for the quarter and year ended June 30, 2014 and March 31, 2014, respectively. However, the results for the quarter ended June 30, 2013 include the results of Kaya Business and accordingly, to that extent, are not comparable.&quot;
View all announcements for MARICO LTD. Source: BSE India