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Ruchi Soya Industries Limited Q4 PAT up 104.78% at Rs. 27.85 crore



Posted On : 2007-04-30 23:00:54( TIMEZONE : IST )

Ruchi Soya Industries Limited Q4 PAT up 104.78% at Rs. 27.85 crore

Mumbai, April 30, 2007:
Ruchi Soya Industries Ltd (RSIL), announced its results for the fourth quarter ended March 31, 2007. RSIL posted a net profit of Rs.27.85 crore, up 104.78% compared to Rs.13.60 crore in the corresponding period previous year, while Net Sales increased by 39.93% to Rs.2740.12 crore from Rs.1958.27 crores.

For the similar period, RSIL's EBIDTA has grown by 105.3% from Rs.43.24 crore to Rs.88.77 crore and Profit Before Tax (PBT) stood at Rs.41.25 crore up by 75.91% from Rs.23.45 crore.

For the year ended March 2007, RSIL's Net Profit grew by 24.32% to Rs.102.96 crore, compared to Rs.82.82 crore in corresponding period in previous year, while Net Sales increased by 13.58% to Rs.8559.93 crore from Rs.7536.63 crore. RSIL's EBIDTA during this period grew by 26.26% to Rs.295.15 crore from Rs.233.76 crore and Profit Before Tax (PBT) stood at Rs.154.81 crore up by 29.40% from Rs.119.64 crore.

The higher growth in profit is a result of higher capacity utilization of crushing plants, better sales realizations due to increasing price trend and higher volumes of branded sales. This was possible due to better crushing volumes which have gone up to 14.39 Lacs MT from 13.22 Lacs MT in previous year, registering an annual growth of around 9%. Increased branded sales have also contributed to the growth in profits which have gone up by 23%, crossing Rs.22.26 billion.

Commenting on the results, Mr. Dinesh Shahra, Managing Director, Ruchi Soya Industries Ltd, said: "We are pleased to announce an improved performance for the company during the quarter and year ended 31st March, 2007. At RSIL, we have consciously fulfilled our goal to be a leading Manufacturing and FMCG company. Our focus on value added manufacturing activities has been achieved significantly in the current quarter also, adding momentum to our leadership positioning in the FMCG sector. Therefore we will continue to move up the value chain by strengthening our retail presence."

Source : Equity Bulls

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