The Hindu Business Line : K.S. Oils net up at Rs 21 cr in Q4

Mumbai April 18 K.S. Oils, an integrated edible oil manufacturing company, has registered a net profit of Rs 21.04 crore in the fourth quarter ended March 31, 2007, against Rs 5.42 crore in the corresponding quarter last year. Net sales jumped 52 per cent to Rs 325.80 crore (Rs 213.83 crore).

For the year ended March 31, 2007, net profit rose 300 per cent to Rs 60.85 crore (Rs 15.17 crore). Net sales of the company in the financial year 2007 have gone up 77 per cent to Rs 1,072.85 crore.

"The twin focus strategy of launching consumer packs and entering new markets such as Uttar Pradesh, Uttaranchal, Chhattisgarh, Orissa, West Bengal, Rajasthan, Delhi, Jammu and Kashmir, in addition to our existing markets of seven North-East States and Madhya Pradesh has improved our profitability," said Mr Sanjay Agarwal, Managing Director, K.S. Oils.

For 2007-08, the company has targeted a sales turnover growth of 78 per cent to Rs 1,800 crore and net profit of Rs 110 crore. The board of directors has decided to consider a stock split in its next meet.

New projects

K.S. Oils has entered into an agreement with an Alwar (Rajasthan)-based manufacturing plant to meet the growing demand for mustard oil. The Alwar plant has cold press machines for mustard oil production, extraction and refinery units. The deal is expected to add Rs 400 crore to K.S. Oils topline.

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K.S. Oils net up at Rs 21 cr in Q4