 PRESS RELEASE |
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| The Oudh Sugar Mills Limited declares its Audited Annual Financial Results for the year ended 30th June, 2006. |
| Kolkata, 23rd August, 2006 |
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Audited Financial Results for the year 2005-06. |
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Dividend on Equity Shares increased to Rs.4.50 per share as compared to Rs.2.50 per share for the previous year. |
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Setting up of Greenfield plant in Uttar Pradesh. |
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Increase in net profit by 306.48% at Rs.45.37 crores as compared to Rs.11.16 crores in the previous year 2004 –05. |
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Gross Sales increased by 40.49% during the year 2005-06 at Rs.528.65 crores as compared to Rs.376.28 crores for the previous year. |
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The Board of Directors of The Oudh Sugar Mills Limited (OSML) at its meeting held on the 23rd August, 2006 at Mumbai approved the Audited Financial Results of OSML for the year ended 30th June, 2006.
The Directors have recommended a Dividend of Rs.4.50 per Equity Share as against Rs.2.50 per equity share for the previous year.
New Swadeshi Sugar Mills a unit of The Oudh Sugar Mills Limited [OSML] has been granted ISO: 9001:2000 certification for the manufacture and sale of sugar and its by-products. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
Year ended 30.06.2006 |
Year ended 30.06.2005 |
Percentage increase |
| Gross Sales |
52,864.92 |
37,628.42 |
40.49 |
| Profit Before Depreciation and Tax (PBDT) |
8,612.87 |
5,310.43 |
62.19 |
| Profit after Tax |
4,536.51 |
1,116.04 |
306.48 |
| EPS (Rs.) |
24.96 |
21.18 |
17.85 |
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Commenting on the improved performance of the Company, Shri C.S Nopany, Chairman-cum-Managing Director, OSML said, “Our strategy of investment in high growth areas along with efficiency improvement measures has enhanced shareholders value substantially. We intend to continue our strategy of growth with value addition and exploit the full potential of sugarcane including power and ethanol.”
Presently Oudh Sugar has three sugar manufacturing units (two in U.P. and one in Bihar) and will achieve an aggregate crushing capacity of about 21,700 tonnes crushing per day (tcd) in the forthcoming season. It has also two distilleries at Hargaon (U.P.), Narkatiaganj (Bihar) and a fruit & vegetable processing factory at Allahabad (U.P.).
Capital Projects:
Oudh Sugar is in the process of implementing various capital projects with an aggregate investment of Rs.479 crores. At the completion of these projects Oudh Sugar will have a consolidated crushing capacity of 28,700 TCD, captive power generation of 30 MW and two distilleries of 75 kilo litres per day (klpd).
The expansion of Hargaon Sugar Mills, Hargaon (U.P.) a unit of the Company, from 7500 tonnes crushing daily (TCD) to 10000 TCD with a co-generation plant of 8 MW at a capital outlay of about Rs.116.06 crores is progressing satisfactorily and is expected to go on stream from the start of crushing operations for the season 2006-07.
The sugarcane crushing capacity of New Swadeshi Sugar Mills, Narkatiaganj (Bihar), a unit of the Company, is being expanded from 6500 TCD to 7500 TCD with a co-generation plant of 5 MW at a cost Rs.27 crores.
The Company is in the process of setting up a Greenfield plant at Hatta, Gorakhpur (U.P.) at an estimated cost of Rs.336 crores with a capacity of 7000 tcd and co-generation plant of 17 MW. The plant will be fully operational by November, 2008.
The Company’s shares are listed at the BSE and NSE and are actively traded having a 52 week high of Rs.296. |
For further information please contact:
Sneha Bawari / Poorvi Poddar
Communications 2.0
pH: 2289-2636 / 32954039 |
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