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One of the leading Indian made foreign liquor (IMFL) companies in India, Empee Distilleries Ltd, reported its profit & revenue numbers for the year ended 30th September 2013. The Company reported revenues of Rs. 583.46 crores and a net profit of Rs. 11.09 crores for the year.On a consolidated basis the revenues were Rs. 1083.30 Crores and net loss Rs. 9.15 Crores.
The Board that met on 11th November 2013 to consider and approve the accounts for the year ended 30th September 2013, recommended a dividend of Rs. 1 per share for the year ended 30th September 2013. Nisha Purushothaman, Jt. Managing Director Empee Distilleries Ltd. commenting on the performance said, "We are pleased to come out with a good set of numbers.
The profit after tax has been impacted by higher interest charges and depreciation attributable mainly to our grain based distillery plant at Choutkur, Andhra Pradesh. This plant is expected to contribute handsomely to the top line and bottom line of the Company in the coming years. We have also recently tied up with United Spirits for the manufacture of IMFL which will improve the topline & bottomline growth of the company. With few expansions in queue, manufacturing tie-ups & the festive season in progress, we expect a fresh demand from both the domestic & international markets which will help us boost our performance in the coming fiscal as well. We are also poised to make an overseas foray by next year.