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Shrenuj revenues up 24% to Rs.228.66 crores
13 Aug '07
2 min read
Shrenuj & Company Limited has announced the following unaudited results for the quarter ended 30th June 2007.
During the quarter, revenues were higher at Rs. 228.66 crores (Rs.184.74 crores). The bottomline improved significantly, rising the net profit to Rs. 8.12 crores (Rs.4.48 crorea), showing a growth of 81 per cent. The annualized EPS rose to 5.20 (Rs.4.80) on face value of share of Rs.2/- each.
The consolidated sales revenue for the group for the same period was recorded at Rs. 285.90 crores. The corporate structure has undergone a marked change as a result of merger of subsidiary and associate companies and floatation and acquisition of companies overseas. As such the results are not strictly comparable with the previous year.
The results were reviewed by the Board of Directors at their meeting held on 30th July 2007. The Board, at their previous meeting, had recommended a dividend of 40% for FY 06-07.
Shreyas Doshi, Managing Director, obsessed, “we have continued to perform well despite the volatile forex scenario."
"These results were made possible by our global distribution hubs that were set up in the last 2 years, distributing our region specific risk. In addition, our recent acquisition of Simon Golub and Sons in the US is likely to have a significant impact on our revenue growth in the times to come.”
“In the last one year, we have focused on improving productivity in manufacturing operations. The results have started reflecting improvement in the bottomline."
"We are currently piloting a few alternate distribution channels for our diamonds and jewellery and we believe that these new channels will ably compliment our own distribution in 13 countries.” he added.
During the quarter, revenues were higher at Rs. 228.66 crores (Rs.184.74 crores). The bottomline improved significantly, rising the net profit to Rs. 8.12 crores (Rs.4.48 crorea), showing a growth of 81 per cent. The annualized EPS rose to 5.20 (Rs.4.80) on face value of share of Rs.2/- each.
The consolidated sales revenue for the group for the same period was recorded at Rs. 285.90 crores. The corporate structure has undergone a marked change as a result of merger of subsidiary and associate companies and floatation and acquisition of companies overseas. As such the results are not strictly comparable with the previous year.
The results were reviewed by the Board of Directors at their meeting held on 30th July 2007. The Board, at their previous meeting, had recommended a dividend of 40% for FY 06-07.
Shreyas Doshi, Managing Director, obsessed, “we have continued to perform well despite the volatile forex scenario."
"These results were made possible by our global distribution hubs that were set up in the last 2 years, distributing our region specific risk. In addition, our recent acquisition of Simon Golub and Sons in the US is likely to have a significant impact on our revenue growth in the times to come.”
“In the last one year, we have focused on improving productivity in manufacturing operations. The results have started reflecting improvement in the bottomline."
"We are currently piloting a few alternate distribution channels for our diamonds and jewellery and we believe that these new channels will ably compliment our own distribution in 13 countries.” he added.
Shrenuj & Company Limited
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