 PRESS RELEASE |
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| The Oudh Sugar Mills Limited declares its 2nd Quarter Financial Results / Half Yearly Financial Results |
New Delhi, 29th January, 2008: The Oudh Sugar Mills Ltd. (OSML), belonging to the renowned K.K. Birla Group, is amongst the most efficient 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 also possesses a fruit and vegetable canning unit at Bamrauli near Allahabad (U.P.).
The Directors of OSML at its Financial Corporate Affairs Committee Meeting held on 29th January, 2008 took on record the 2nd Quarterly Financial Results for the period ended 31st December, 2007. |
| FINANCIALS AT A GLANCE |
| Rs. in lakhs |
| Particulars |
2nd quarter ended 31.12.2007 |
2nd quarter ended 31.12.2006 |
Year ended 30.06.2007
(Audited) |
| Turnover |
5628.05 |
11110.98 |
46812.06 |
| Profit/(Loss) before Depreciation, and Tax (PBDT) |
65.51 |
751.13 |
1914.43 |
| Profit/(Loss) after Tax |
(328.82) |
167.98 |
2689.55 |
| EPS (Rs.) |
(1.81) |
0.92 |
14.80 |
|
|
OSML reported a decrease in turnover by 49.35% at Rs. 5628.05 lakh and a net loss of Rs. 328.82 lakh for the quarter ended 31st December, 2007 as against a turnover of Rs.11110.98 lakh and a net profit of Rs. 167.98 lakh during the quarter ended 31st December, 2006.
The sugar industry is going through financial difficulties primarily because of the low sugar prices and high cane prices. However, the Company’s strategic initiative of diversifying into the production of co-products such as ethanol and power will provide stability to its operations.
Capital Projects:
The Construction of Company's Greenfield Integrated Sugar Project of 7000 TCD along with co-generation at Hata, Kushinagar, (U.P.) and enhancement of Distillery capacity to 100 klpd at Hargaon is in progress. |
For further information please contact:
Communications 2.0
Ms. Swati Jalan/ Ms. Sayantani Banerjee
Ph- 9830111376/9831236730 |
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