Ruchi Soya Q4 net sales up by 44.56% at Rs 6955.76 cr
Net profit for the quarter increased by 41.89% from Rs 21.77 crore to Rs 30.89 crore.
By OUR BUREAU | Updated:
New Delhi: Ruchi Soya Industries Ltd has announced its un-audited financial results for the quarter and year ended March 31, 2012. As compared to the corresponding period of the previous year, net sales for the quarter ended March 31, 2012 rose by 44.56% from Rs 4811.55 crore to Rs 6955.76 crore.
Net profit for the quarter increased by 41.89% from Rs 21.77 crore to Rs 30.89 crore. During the quarter, export of oil seed extractions increased by 20.93% from Rs 4546.05 crore to Rs 5497.50 crore. Branded sales registered a healthy 55.26% growth from Rs 969.93 crore to Rs 1505.87 crore. The capacity utilization for the quarter of the refining facilities has improved by 10.52% from 353686 MT to 390901 MT and crushing facilities by 1.86% from 566349MT to 576888MT.
As compared to the corresponding period of the previous year, net sales for the year ended March 31, 2012 rose by 55.88% from Rs 16643.50 crore to Rs. 25944.61 crore. Net profit for the year recorded at Rs.124.87 Crore as against Rs.213.21 crore. During the year, export of oil seed extractions increased by 39.68% from Rs.1979.40 crore to Rs 2764.87 crore. Branded sales registered a healthy 42.49% growth from Rs.3890.55 crore to Rs. 5543.84 crore.
Commenting on the performance for the quarter, Dinesh Shahra, managing director, Ruchi Soya Industries, said, “Our margins would have been higher but for the impact of higher input cost of imported materials due to export duty regime changes by the Government of Indonesia relating to the palm segment. The industry is expecting that certain measures at macro level, likely to be taken by the Government of India in the near term, will be conducive for the domestic industry.
Net profit for the quarter increased by 41.89% from Rs 21.77 crore to Rs 30.89 crore. During the quarter, export of oil seed extractions increased by 20.93% from Rs 4546.05 crore to Rs 5497.50 crore. Branded sales registered a healthy 55.26% growth from Rs 969.93 crore to Rs 1505.87 crore. The capacity utilization for the quarter of the refining facilities has improved by 10.52% from 353686 MT to 390901 MT and crushing facilities by 1.86% from 566349MT to 576888MT.
As compared to the corresponding period of the previous year, net sales for the year ended March 31, 2012 rose by 55.88% from Rs 16643.50 crore to Rs. 25944.61 crore. Net profit for the year recorded at Rs.124.87 Crore as against Rs.213.21 crore. During the year, export of oil seed extractions increased by 39.68% from Rs.1979.40 crore to Rs 2764.87 crore. Branded sales registered a healthy 42.49% growth from Rs.3890.55 crore to Rs. 5543.84 crore.
Commenting on the performance for the quarter, Dinesh Shahra, managing director, Ruchi Soya Industries, said, “Our margins would have been higher but for the impact of higher input cost of imported materials due to export duty regime changes by the Government of Indonesia relating to the palm segment. The industry is expecting that certain measures at macro level, likely to be taken by the Government of India in the near term, will be conducive for the domestic industry.
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