core sector communique

SHREE RENUKA SUGARS LIMITED

 

Shree Renuka’s Q1 Net soars 2271% to Rs. 261 crores

 

 

 

Mumbai, 15^th January, 2010:  For the first quarter ended 31^st December, 2010, Shree Renuka Sugars Consolidated Total Income increased by 258% to Rs. 1443.70 crores (Rs. 402.80 crores) and its Net Profit increased by 2271% to Rs. 260.90 crores (Rs.11.0 crores).

 

The Company had posted Consolidated Total Income of Rs. 2822.50 crores and Consolidated Net Profit of Rs 223.50 crores for the year ended 30^th September 2009.

 

As at 31^st December 2010, the Company’s Reserves (excluding Revaluation Reserves and net of minority interest of subsidiary companies) stood at Rs.1738.80 crores on an Equity Share Capital of Rs.31.7 crores.