 PRESS RELEASE |
|
| The Oudh Sugar Mills Limited declares its Financial Results for the 1st quarter ended 30th September, 2009. |
| Mumbai, 28th October, 2009. |
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 four 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 (iv) New India Sugar Mills – Hata with a crushing capacity of about 7000 TCD alongwith two distilleries i) at Hargaon with a capacity of producing 100 Kilo-Litre Per Day (KLPD) of Industrial Alcohol/Ethanol and (ii) at Narkatiaganj with a capacity of producing 60 KLPD of Industrial Alcohol/Ethanol. The Company also has co-generation power plants at Hargaon and Narkatiaganj with a Co- generation capacity of 15 MW and 10 MW respectively. OSML also possesses a fruit and vegetable processing unit at Bamrauli near Allahabad (U.P.)
The Directors of OSML at its Board Meeting held on 28th October, 2009 took on record the Financial Results for the 1st Quarter ended on 30th September, 2009. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
1st quarter ended 30.09.2009 |
1st quarter ended 30.09.2008 |
Year ended 30.06.2009
(Audited) |
| Turnover |
15,594.49 |
11,651.44 |
58,309.13 |
| Profit/(Loss) before Depreciation, and Tax (PBDT) |
475.71 |
(683.99) |
5636.82 |
| Profit/(Loss) after Tax |
(327.10) |
(854.02) |
1917.38 |
| EPS (Rs.) * Not annualized. EPS for Q.E. 30.9.2009 is on the expanded capital base in view of AS 20 |
*(1.49) |
*(4.49) |
9.34 |
|
|
The season 2008-09 has seen a dramatic fall in sugar production to 14.5 million tonnes, thereby correcting the imbalance in demand and supply position. The fall in production has reduced the inventories to minimum level and India has become a net importer of sugar. This year also saw a sharp increase in sugar prices both domestically and internationally. According to Mr Chandra Shekhar Nopany, Chairman and Managing Director, sugar prices are expected to remain firm. He further added that short fall in availability of sugar cane which in turn made availability of molasses and bagasse scarce and costlier adversely impacted co-generation of power and ethanol.
The Company’s shares are listed at NSE, BSE and CSE and are actively traded at a current price of Rs. 72.00 |
For further information please contact:
Communications 2.0
Ms. Swati Jalan/ Ms. Vasudha Jain
Ph- 9830111376 / 9831148001 |
| <<Back>> |
| |
|
|
 |
| |
|
|
Home
Contact Us
