Date:02/02/2005 URL: http://www.thehindubusinessline.com/2005/02/02/stories/2005020201610200.htm

Back Shrenuj Q3 net up 63 pc

Our Bureau

Mumbai , Feb. 1

SHRENUJ & Company's revised marketing strategy pushed up its top and bottomline for both the third quarter (Q3) and the first nine-month period ended on December 31, 2004.

The total sales for the third quarter of the current financial year ended December went up by 20.78 per cent to Rs 124.69 crore from Rs 103.88 crore for the previous corresponding period.

The gross profit before tax, depreciation and interest was up by 16 per cent at Rs 9.29 crore (Rs 7.99 crore).

The net profit, after tax and other statutory requirements jumped by 63.45 per cent to Rs 3.22 crore (Rs 1.97 crore).

The sales turnover for the first nine months of the current financial year advanced to Rs 349.11 crore over the previous corresponding period's Rs 288.10 crore, registering a growth of 21.10 per cent.

The pre-tax profit for the first nine months jumped by 53.21 per cent to Rs 11.69 crore (Rs 7.63 crore). The net profit also moved up by 35.92 per cent to Rs 7.34 crore (Rs 5.40 crore).