The Hindu Business Line : Riddhi Siddhi Gluco net rises to Rs 27 cr

Ahmedabad June 14 Riddhi Siddhi Gluco Biols Ltd, India's largest producer of starch and derivatives, has recorded a net profit of Rs 26.76 crore in the fiscal ended March 31 this year, up by 136 per cent as against Rs 11.36 crore for the previous year.

The company said in a release here that the sales (including excise) for the year stood at Rs 355.87 crore as against Rs 243.13 crore, an increase of 46.36 per cent.

The earnings per share (EPS) for the year stood at Rs 25.54 on the enhanced equity capital of Rs 10.54 crore as against Rs 15.20 on equity capital of Rs 8.64 crore for the previous year. The profit before interest, depreciation and tax (PBIDT) rose 64.16 per cent to Rs 54.33 crore from Rs 33.10 crore last year. The PBIDT margin at 15.27 per cent registered 166 basis point improvement, as compared to 13.61 per cent in the previous year.

For the quarter ended March 31, the gross income of the company increased by 55.16 per cent to Rs 106.33 crore, as against the income of Rs 68.53 crore for the corresponding quarter in the previous year.

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Riddhi Siddhi Gluco net rises to Rs 27 cr