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MUMBAI: Shrenuj & Co Ltd has shown an all-round growth for the third quarter of the current fiscal ended December 31, 2003.

Together with Q3 results, the company has achieved a growth of 35 per cent in sales and 23 per cent in net profit for the first nine months of the current financial year compared to the last year's corresponding period.

The turnover for the Q3 ended on 31st December 03 has gone up to Rs 103.83 crore from Rs 78.18 crore for the previous corresponding period. After making provision of Rs 4.69 crore for interest against Rs 3.34 crore, depreciation of Rs 53.59 lakh against Rs 51.35 lakh and taxation of Rs 46 lakh against Rs 24 lakh, the net profit for the Q3 has advanced to Rs 196.64 lakh from Rs 133.45 lakh for the previous corresponding period.

On a comparative basis, the cumulative turnover for the first nine months of the current financial year has moved up by 35 per cent to Rs 288.09 crore from Rs 213.34 crore. Likewise, after making the necessary provisions for interest, depreciation and taxation, the net profit looks up by 23 per cent to Rs 540.30 lakh from Rs 439.98 lakh.

Taking into account the lower equity capital base of Rs 10.90 crore, the EPS for the first nine months has also gone up to Rs 4.95 from 4.03 for the previous corresponding period.

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