Ruchi Group Records Profit 105% jump

Ruchi Soya Industries Limited (Ruchi Soya) has announced its un-audited financial results for the quarter ended December 31, 2012 (Q3). As compared to the corresponding period of the previous year, net profit for the quarter rose by 105.45% from Rs. 24.05 crore to Rs. 49.41 crore whereas net sales rose by 17.56% from Rs. 6,954.29 crore to  Rs. 8,175.16 crore.

During the quarter, branded sales registered a healthy 22.95% growth from Rs. 1,374.23 crore to  Rs. 1,689.59 crore. Refining capacity utilization improved by 8.85% from 4,78,589 MT to 5,20,960 MT. Export of Soya Meal in value improved by 47.29% from Rs. 883.16 crore to Rs. 1,300.83 crore. Sale of Textured soya protein (TSP) stood at Rs. 28.16 crore registering an impressive rise of 43.53% from Rs. 19.62 crore during Q3 in the last fiscal.

Commenting on the performance, Managing Director, Mr. Dinesh Shahra said, “I am happy to  share the healthy growth recorded by the Company during the third quarter ended December 31, 2012. Improved branded sales, better sales realization of oilseed extraction, effective control on the costs and favourable business sentiments helped us to get profit on the track. We are making our efforts to have good performance on a sustained basis in the times to come.”

Ruchi Soya Industries Limited

Featuring among the top five FMCG players in India, Ruchi Soya is India’s number one cooking oil maker and marketer. An Integrated player from farm to fork, Ruchi Soya has secured access to oil palm plantations in India and other important parts of the world. Besides being a leading manufacturer of high quality edible oils, soya foods, vanaspati, and bakery fats, Ruchi Soya is also the highest exporter of soya meal, lecithin and other food ingredients from India. Ruchi Soya features amongst top three players based on market share in the overall Refined Oil in Consumer Packs (ROCP) in India with leadership position in important segments like palm oil. Ruchi Soya is committed to renewable energy and exploring suitable opportunities in the sector.

Source: http://planetcorporatenews.wordpress.com/

Ruchi Soya Sep ’12 sales at Rs 5,427.23 crore

 

Ruchi Soya Industries has reported a sales turnover of Rs 5,427.23 crore and a net profit of Rs 65.66 crore for the quarter ended Sep ’12. For the quarter ended Sep 2011 the sales turnover was Rs 6,082.29 crore and net profit was Rs 3.78 crore.

Quarterly Results of Ruchi Soya Industries ——– in Rs. Cr. ——–

Sep ’11 Jun ’12 Sep ’12 Sales Turnover 6,082.29 5,007.91 5,427.23 Other Income 10.84 67.74 83.16 Total Income 6,093.13 5,075.65 5,510.39 Total Expenses 6,045.25 4,860.81 5,362.07 Operating Profit 37.04 147.10 65.16 Profit On Sale Of Assets — — — Profit On Sale Of Investments — — — Gain/Loss On Foreign Exchange — — — VRS Adjustment — — — Other Extraordinary Income/Expenses — — — Total Extraordinary Income/Expenses — — — Tax On Extraordinary Items — — — Net Extra Ordinary Income/Expenses — — — Gross Profit 47.88 214.84 148.32 Interest 3.72 116.59 18.59 PBDT 44.16 98.25 129.73 Depreciation 34.02 34.63 34.27 Depreciation On Revaluation Of Assets — — — PBT 10.14 63.62 95.46 Tax 6.36 21.02 29.80 Net Profit 3.78 42.60 65.66 Prior Years Income/Expenses — — — Depreciation for Previous Years Written Back/ Provided — — — Dividend — — — Dividend Tax — — — Dividend (%) — — — Earnings Per Share 0.11 1.28 1.97 Book Value — — — Equity 66.60 66.69 66.69 Reserves — — — Face Value 2.00 2.00 2.00