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Shree Renuka Q3 net profit at Rs 23 cr

Published on Wed, Jul 23 at 18:20 , Updated at Thu, Jul 24 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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Sugar Sector - Demand Supply gap a curse or boon for Renuka ?

I would like to put an interesting question: Are we entering a period of fortunes for sugar stock or misfortune...

in Shree Renuka - 9975797577 at 29-Aug-08 08:18

IMPORT RAW SUGAR

I THINK Q2 RESULT NOT BETTER THAN Q1RESULT , BECUSE OF IMPORTING RAW SUGAR, PLEASE BETTER TO CHOOSE DHAMPUR SUGAR....

in Shree Renuka - Guest at 28-Aug-08 10:52

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