CMC inches up on reporting 46% rise in Q4 consolidated net profit

CMC is currently trading at Rs. 1526.00, up by 1.30 points or 0.09% from its previous closing of Rs. 1524.70 on the BSE. The scrip opened at Rs. 1600.00 and has touched a high and low of Rs. 1600.00 and Rs. 1516.25 respectively. So far 18693 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1780.00 on 07-Jan-2014 and a 52 week low of Rs. 1106.80 on 05-Aug-2013. Last one week high and low of the scrip stood at Rs. 1600.00 and Rs. 1428.70 respectively. The current market cap of the company is Rs. 4675.29 crore. The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 40.21% and 8.67% respectively. CMC has posted a jump of 183.54% in its net profit at Rs 130.74 crore for the quarter ended March 31, 2014 as compared to Rs 46.11 crore for the same quarter in the previous year. Total income from operation of the company has increased marginally by 1.22% at Rs 338.83 crore for quarter under review as compared to Rs 334.75 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 45.79% rise in its net profit at Rs 89.43 crore for the quarter ended March 31, 2014 as compared to Rs 61.34 crore for the same quarter in the previous year. Total income from operation of the company has increased by 19.19% at Rs 623.21 crore for quarter under review as compared to Rs 522.88 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 63.13% in its net profit at Rs 323.61 crore as compared to Rs 198.38 crore for the same period in the previous year. Total income from operation of company rose 5.94% at Rs 1189.79 crore for year under review as compared to Rs 1123.13 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 21.80% in its net profit at Rs 280.41 crore as compared to Rs 230.23 crore for the same period in the previous year. Total income from operation of company has increased by 15.83% at Rs 2230.91 crore for year under review as compared to Rs 1926.09 crore for the period ended March 31, 2013.