MARICO LTD. - Announces Q4 and FY14 results

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MARICO LTD. - Announces Q4 and FY14 results

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30 Apr 2014
Marico Ltd has announced the following results for the quarter and year ended March 31, 2014:<br/><br/>The Unaudited results for the Quarter ended March 31, 2014<br/><br/>The Company has posted a net profit of Rs. 1771.231 million for the quarter ended March 31, 2014 as compared to Rs. 1106.051 million for the quarter ended March 31, 2013. Total Income has increased from Rs. 7399.237 million for the quarter ended March 31, 2013 to Rs. 9695.313 million for the quarter ended March 31, 2014.<br/><br/>The Audited results for the Year ended March 31, 2014<br/><br/>The Company has posted a net profit of Rs. 5772.048 million for the year ended March 31, 2014 as compared to Rs. 4290.858 million for the year ended March 31, 2013. Total Income has increased from Rs. 34572.974 million for the year ended March 31, 2013 to Rs. 39168.674 million for the year ended March 31, 2014.<br/><br/>"The Consolidated Results are as follows :<br/><br/>The Unaudited Consolidated results for the Quarter ended March 31, 2014<br/><br/>The Group has posted a net profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 887.708 million for the Quarter ended March 31, 2014 where as the same was at Rs. 838.630 million for the Quarter ended March 31, 2013. Total Income is Rs. 10848.979 million for the Quarter ended March 31, 2014 where as the same was at Rs. 10087.593 million for the Quarter ended March 31, 2013.<br/><br/>The Audited Consolidated results for the Year ended March 31, 2014<br/><br/>The Group has posted a net profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 4853.810 million for the year ended March 31, 2014 where as the same was at Rs. 3958.647 million for the year ended March 31, 2013. Total Income is Rs. 47444.165 million for the year ended March 31, 2014 where as the same was at Rs. 46337.179 million for the year ended March 31, 2013.<br/><br/>- The Kaya Business, earlier a part of Marico, has been demerged effective October 17, 2013, with April 01, 2013 as the Appointed Date. Pursuant to the De-merger Scheme, the transfer of Kaya Business to Marico Kaya Enterprises Limited ("MaKE") 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. The excess of book value of assets over liabilities has been adjusted against Securities Premium Reserve.<br/><br/>In accordance with the scheme, as on the Record Date i.e. November 05, 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. Further, MaKE has submitted the Listing application along with the Information Memorandum to the Stock Exchanges on March 14, 2014. It has obtained the necessary relaxation from SEBI and will now proceed with other statutory formalities required for Listing.<br/><br/>Accordingly, the financial results of the Kaya Business do not form part of the unaudited financial results for the quarter ended March 31, 2014 and December 31, 2013 and audited financial results for the year ended March 31, 2014.<br/><br/>However, the results of all other previous periods / year include the results of Kaya Business and accordingly, to that extent, are not comparable with the results for the quarter and year ended March 31, 2014."
View all announcements for MARICO LTD.	Source: BSE India

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