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Shree Renuka Q3 net profit at Rs 23 cr

Published on Wed, Jul 23, 2008 at 18:20 , Updated at Thu, Jul 24, 2008 at 09:12
Source : CNBC-TV18

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Shree Renuka Sugars has announced its results for the quarter ended June 2008 (Q3). The company's net sales were at Rs 612 crore versus Rs 194.1 crore. Its other expenses were at Rs 2.9 crore versus other income of Rs 21.5 crore.

The company's Q3 operating profit was at Rs 70.9 crore versus Rs 34.3 crore. Its Q3 net profit was at Rs 23 crore versus Rs 31.5 crore. The interest costs was at 21.7 crore versus Rs 4.3 crore.

The company acquired 2 companies for Rs 26.5 crore and set up 2 subsidiaries in Sharjah. The company's board will meet on July 31, 2008 to mull GDR/ADR/FCCB/QIP issue.

Particulars Jun-08 Mar-08 Dec-07 Sep-07
Net Sales / Interest Earned / Operating Income 612 471.8 191.7 170.3
Other Income -2.9 8 -4.3 -10.8
Total Income 609.1 479.8 187.4 159.5
Expenditure -541.1 -408.9 -156.5 -141.4
Operating Profit 68 70.9 30.9 18.1
Interest -21.7 -18.5 -9.3 -5.2
Profit Before Depreciation and Tax 46.3 52.4 21.6 12.9
Depreciation -9.9 -8.9 -8 -10.4
Profit before Tax 36.4 43.5 13.6 2.5
Tax -13.4 -13.1 -4.6 -0.1
Profit after Tax 23 30.4 9 2.4
Extraordinary Items - - 18.2 -
Net Profit 23 30.4 27.2 2.4
Equity Capital 27 27 27 24.81

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Forecast of this stock

I was not expecting such type of fall !!!! I must stop predicting now!!! DOW future is trading lower.So on Monday ...

in Shree Renuka - B.warren at 10-Oct-08 05:30

Buy Shree Renuka Sugars on dips: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that one can buy Shree Renuka Sugars on dips....

in Shree Renuka - MMB Messenger at 09-Oct-08 10:01

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