Anil Ltd net profit up 29% to Rs 11.74 crore in Q2 of FY12

Q2 FY12 Net Sales up by 28% at Rs 150.67crore

Financial Highlights (Rs Crore):

Particulars

Q2 FY12

Q2 FY11

Growth (%)

H1 FY12

Net Sales

150.67

117.67

+28%

285.78

EBITDA

28.33

20.67

+37%

54.62

Net Profit

11.74

9.09

+29%

23.18

EPS

12.03

9.31

+29%

23.74

Ahmedabad, November 10, 2011: Agro and food processing major, Anil Limited, reported a net profit of Rs 11.74 crore for the second quarter ended September 30, 2011 which represents a jump of 29% over Rs 9.09 crore PAT posted in the second quarter of previous financial year. Net sales in current Q2 at Rs 150.67 crore were higher by 28% of previous fiscal’s Q2 net sales.

For the six months (H1) ended September 30, 2011 Anil’s PAT stood at Rs 23.14 crore, a 29% increase over the first half of previous fiscal. Net sales too were higher by 27% at Rs 285.67 crore in current fiscal’s first half as against Rs 223.87 crore in previous year’s H1.Commenting on the financial performance of the company, Mr. Amol S. Sheth, Chairman and Managing Director of Anil Ltd, said, “The investments that we have made in R&D to constantly develop new products for our end-user industries, combined with our customer-focused approach have resulted in growth in revenues and profits. The investments in de-bottlenecking our plants to increase the capacities and towards efficiencies improvements have also yielded results. To continue to develop new products and applications, increase capacities and improve our efficiencies further, we are in the process of making more investments.”

The Rs 500 crore plus Anil Limited, the flagship company of the Anil Group, is a leading player in the corn wet milling, agro & food processing, and bio-industrial sectors. The company manufactures products which cater to over 30 different segments like food, beverage, pharmaceuticals, paper, textiles, animal healthcare, personal care, chemicals & intermediates, and confectioneries, to name just a few. Anil Limited’s core strengths are R&D, Technology and Products application.

Anil Ltd. has recently got permission from the Government of India to set up the first Mega Food Part in the state of Gujarat. As a majority stakeholder in this venture, Anil Ltd. is proposing to invest in excess of Rs 200 crore in this Mega Food Park which is to be set up at Savli, Vadodara.

Anil Ltd. is part of the Anil Group which has a diversified portfolio of businesses like Biotechnology, Feed Ingredients & Supplements, Hospitality, Processed Food & Dairy products, Infrastructure, Garments, Agro-Commodities, Knowledge Systems and Engineering.