Sanwaria Agro Oils Limited has posted excellent results for the year ended 31st March, 2010. Net sales from operations for FY10 stood at Rs11.18bn (Rs11.11bn) and net profit for the year increased by 16.3% to Rs479.9mn (Rs380.5mn).
Earnings per equity share (Face Value Re1) stood at Rs2.76 (Rs2.27)
The FY10 results received a big boost by excellent Q4 performance. For the 4th quarter ended 31st March, 2010, net sales increased by 32% to Rs3.37bn (Rs2.56bn) and net profit increased by 136% to Rs145.8mn (Rs61.9mn).
Commenting on Q4 performance, Anil Agrawal, Wholetime Director said that the profitability had increased due to increased retail sales of the company’s premium brand “NARMADA”.