Shree Renuka Sugars reports stellar Q3 numbers

Shree Renuka Sugars has reported unaudited results for the third quarter ended June 30, 2011.

The company’s net profit after tax for the quarter ended June 30, 2011 zoomed by 430.34% at Rs 47.20 crore as compared to Rs 8.90 crore for the corresponding quarter last year. Its total income decreased by 2.17% at Rs 1202.80 crore for the quarter under review from Rs 1229.50 crore for the same quarter last year.

On consolidated basis, the Group has posted a growth of 107.32% in its net profit after Minority Interest at Rs 187.00 crore as compared to Rs 90.20 crore for the quarter ended June 30, 2010. Its total Income has increased by 15.86% at Rs 2366.00 crore for the quarter under review as compared to Rs 2042.10 crore for the similar quarter of the previous year.