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Robust quarterly earnings boost Rajshree Sugars & Chemicals

Capital Market/ 11:28 , May 19, 2011

Rajshree Sugars & Chemicals surged 4.28% to Rs 51.15 at 11:27 IST on BSE, after net profit jumped 141.7% to Rs 24.41 crore on 20% rise in net sales to Rs 163.26 crore in Q4 March 2011 over Q4 March 2010.

The company announced the results after market hours on Wednesday, 18 May 2011.

Meanwhile, the BSE Sensex was up 12.76 points, or 0.07%, to 18,098.96.

On BSE, 12,354 shares were traded in the counter as against average daily volume of 6,665 shares over the past one quarter.

The stock hit a high of Rs 51.70 and a low of Rs 50.30 so far during the day. The stock had hit a 52-week low of Rs 47.10 on Monday, 16 May 2011. The stock had hit a 52-week high of Rs 86.80 on 9 November 2010.

The small-cap stock had underperformed the market over the past one month till 18 May 2011, declining 17.15% compared with the Sensex's 5.26% fall. The stock had also underperformed the market in past one quarter, falling 14.70% as against Sensex's 0.69% decline.

The company has an equity capital of Rs 23.79 crore. Face value per share is Rs 10.

Rajshree Sugars & Chemicals reported net loss of Rs 36.92 crore for the year ended March 2011 compared with a net profit of Rs 43.17 crore for the year ended March 2010. Net sales rose 17.4% to Rs 614.89 crore in the year ended March 2011 over the year ended March 2010.

On a consolidated basis, the company reported net loss of Rs 33.57 crore for the year ended March 2011 compared with a net profit of Rs 45.99 crore for the year ended March 2010. Net sales rose 26.3% to Rs 737.10 crore in the year ended March 2011 over the year ended March 2010.

 



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