Anil Ltd net sales up 22% to Rs. 165 crore in Q1 of FY13
Financial Highlights (Rs Crore):
Particulars
|
Q1 FY13
|
Q1 FY12
|
Growth
(%)
|
Net Sales
|
164.68
|
135.11
|
21.89
|
Net Profit
|
11.86
|
11.44
|
3.69
|
EPS
|
12.15
|
11.72
|
3.69
|
August 9, 2012: Agro and food processing major, Anil Limited, reported net sales of Rs. 164.68 crore for the first quarter ended June 30, 2012 which represents a jump of 21.89% over Rs. 135.11 crore turnover posted in the first quarter of previous financial year. Net profit in current Q1 stood at Rs. 11.86 crore, up by 3.69 % over previous fiscal’s Q1 net profit.
Sharing his views on the financial performance of the company, Mr. Amol S. Sheth, Chairman and Managing Director of Anil Limited, said, “Sales growth in the current first quarter has been on the back of growth in export markets. We are continuing with our endeavour to introduce innovative and value-added starch-based products in the domestic and global markets.”
The earnings per share (EPS) in the current first quarter were Rs. 12.15 as against Rs. 11.72 in the previous year’s Q1.
Shortfall in rains due to delayed monsoon is likely to make the existing and coming quarters more challenging. Yet, the company with its continued endeavour on value added products, application development and the growth in export markets, is confident to maintain its focus..
ABOUT ANIL LIMITED:
The Rs. 646 crore Anil Limited is the flagship company of the diversified Anil Group, headquartered at Ahmedabad. This agro and food processing company is a leading player in the Indian Corn Wet Milling industry having robust manufacturing infrastructure, R&D and application development capabilities. Anil Ltd. is also the majority shareholder in the Group’s upcoming Mega Food Park venture near Vadodara – this will be the first of its kind in the state of Gujarat. The company is listed on the Bombay Stock Exchange (BSE) – its sales have doubled between FY2008 and FY2011, while net profit has shot up by over five times during the same period. The focus on introducing value-added products and emphasis on exports, during the same period, allowed Anil Limited to expand its product reach to more than 35 countries across the globe.
Anil Limited is a part of Anil Group of Companies which has diverse portfolio of businesses including Biotechnology, Feed Ingredients & Supplements, Hospitality, Processed Food & Dairy products, Infrastructure, Garment Exports, Agro-commodities, Knowledge Systems and industrial Engineering.
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