Companies

Sanwaria Agro reports manifold increase in Q2 net

PTI Mumbai | Updated on October 13, 2012 Published on October 13, 2012

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Sanwariya Agro Oils today said it said had reported a net profit of Rs 25.6 crore for the September quarter, over 22 times compared to the Rs 1.14 crore profit clocked in the corresponding period last year.

The company’s net sales also jumped handsomely to Rs 560.9 crore, up 47 per cent over the year-ago period.

Announcing the second quarter numbers, Anil Agrawal, Director, Sanwariya Agro Oils said: “We saw huge jump in net profit and net sales this quarter thanks to the thrust on retail market and value added products. Focus on branded soya nuggets and soya flour has resulted in better margins.”

We hope to continue our performance in the coming quarters as we will continue our focus on the FMCG products, he added.

Over the past couple of quarters, the company has been expanding its range of products under the brand names Sulabh, Narmada and Sanwaiya, Agrawal said.

He further said the company is planning to enter salt, and basmati rice market soon apart from adding more ranges in the soya nuggets and soya flour categories.

The Bhopal-based company, set up in 1991, is part of the Sanwariya group, which has presence in sectors including agro food, energy and infrastructure.

Published on October 13, 2012
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