Ruchi Soya Q3 jumps by 58.49 per cent to Rs 63.78 crore

MUMBAI: Edible oil maker Ruchi Soya Industries today reported a 58.49 per cent growth in its net profit for the quarter ended December 31 at Rs 63.78 crore.

The company had posted a net profit of Rs 40.24 crore in the October-December quarter last fiscal, Ruchi Soya said in a filing to the Bombay Stock Exchange.

Net sales of company has risen to Rs 4,628.36 crore in the December quarter from Rs 3,799.45 crore in the year-ago period, the filing added.

"The higher capacity utilisation of soya crushing and edible oil refining capacities, strong growth in branded sales of Nutrela, Ruchi Gold & Mahakosh and greater focus on value addition have contributed to the better performance. It is expected that, with the positive growth momentum, we are hoping to perform better in the coming quarters," Ruchi Soya Industyries MD Dinesh Shahra said.

Shares of Ruchi Soya closed at Rs 105.90 apiece, up 0.71 per cent from previous close on BSE.