 PRESS RELEASE |
|
| The Oudh Sugar Mills Limited declares its 2nd Quarter Financial Results for the quarter ended 31st December, 2008. |
New Delhi 23rd January, 2009: The Oudh Sugar Mills Ltd. (OSML), belonging to the renowned K.K. Birla Group, is amongst the most eminent and rapidly expanding companies in the Sugar Industry. OSML owns three sugar units at (i) Hargaon Sugar Mills, Hargaon, Dist. Sitapur (U.P.) with a crushing capacity of about 10,000 tonnes crushed per day (TCD) (ii) New Swadeshi Sugar Mills, Narkatiaganj, Dist. West Champaran (Bihar) with a crushing capacity of about 7,500 TCD and (iii) Rosa Sugar Works, Rosa, Dist. Shahjahanpur, (U.P.) with a crushing capacity of about 4,200 TCD alongwith two distilleries i) at Hargaon with a capacity of producing 45 Kilo-Litre Per Day (KLPD) of Industrial Alcohol/Ethanol and (ii) at Narkatiaganj with a capacity of producing 30 KLPD of Industrial Alcohol/Ethanol. OSML has also Co-Generation Power Plants at Hargaon and Narkatiaganj and possesses a fruit and vegetable canning unit at Bamrauli near Allahabad (U.P.)
The Board of Directors of OSML at its Meeting held on 23rd January, 2009 approved the 2nd Quarterly Financial Results for the period ended on 31st December, 2008. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
2nd quarter ended 31.12.2008 |
2nd quarter ended 31.12.2007 |
Year ended 30.06.2008
(Audited) |
| Turnover |
18077.46 |
5628.05 |
35393.59 |
| Profit/(Loss) before Depreciation, and Tax (PBDT) |
2945.64 |
65.51 |
1602.76 |
| Profit/(Loss) after Tax |
1521.55 |
(328.82) |
(451.27) |
| EPS (Rs.) |
7.54* |
(1.81)* |
(2.48) |
|
|
* Not annualised
After a drop in sugar output in 2007-08, India’s sugar production is estimated to fall in the season 2008-09 season that began in October. The sugar sector witnessed a reversal of trend with prices improving. Sugar prices are expected to rise because of the sustained demand and lower anticipated production. For the quarter ended 31st December, 2008, OSML reported an increase in turnover by 221% at Rs. 18077.46 lac and a net profit of Rs. 1521.55 lac as against a turnover of Rs.5628.05 lac and a net loss of Rs. 328.82 lac during the quarter ended 31st December 2007.
The Company’s shares are listed at the BSE and NSE and are actively traded. |
For further information please contact:
Communications 2.0
Ms. Swati Jalan/ Ms. Priyanka Harlalka
Ph- 9830111376 / 9830044808 |
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