Anil Limited announces Q2 results; net profit up 70.54%; net sales touch Rs 117.67 crore
11/03/2010

Anil Limited (AL), Flagship Company of food and bio-industrial focused ANIL Group, reported a net profit of Rs. 9.09 Crore for the quarter ended September 30, 2010, a 70.54 % increase over Rs. 5.33 Crore registered for the corresponding period of last fiscal.

Online PR News – 03-November-2010 – – Ahmedabad, November 3, 2010:
Anil Limited (AL), Flagship Company of food and bio-industrial focused ANIL Group, reported a net profit of Rs. 9.09 Crore for the quarter ended September 30, 2010, a 70.54 % increase over Rs. 5.33 Crore registered for the corresponding period of last fiscal. The Profit Before Tax (PBT) stands at Rs.11.49 Crore for the quarter, as against a profit of Rs.6.19 Crore in the corresponding period, with rise of 85.62%. Net sales rose to Rs 117.67 Crore, a 30.72 % increase from Rs. 90.01 Crore in the previous fiscal.

Speaking on Q1 results, Mr. Amol Sheth, Managing Director of Anil Limited, said, “The increase in sales and profits is the result of Anil Limited approach of focus on value-added products, extensive customer engagement activities and sustained focus on exports market. Since past couple of years, we have steadily maintained momentum of growth rate. We will continue to take proactive measures in next quarter and retain high revenues and profits. We have maintained the targeted growth rate and are on track to achieve the projected annual topline and bottomline”.

About Anil Limited:
Anil Limited is one of the largest Corn Wet Milling (CWM) Units in India operating in the Bio-Industrial sector and manufactures complete range of starches ranging from basic Maize Starch to Modified / Specialty Starches and related down-stream products like Dextrose Monohydrate, Anhydrous Dextrose, and Corn Syrup. Anil is a pioneer in the introduction and manufacture of various starch based products for textile, food, pharmaceutical, paper and other industries in India. Anil Limited is a part of the ANIL GROUP started in 1939 by Late Shri Chinubhai Sheth.