Shree Renuka Sugars Q4 net doubles

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Mumbai, Nov 14 (UNI) Shree Renuka Sugars, one of the fastest growing sugar manufacturers in the country, today said its net profit jumped more than double at Rs 3.68 crore for the fourth quarter ended September 30, over the corresponding period a year ago.

The company had a net profit of Rs 1.28 crore for the same quarter last fiscal, company stated to the Bombay Stock Exchange (BSE). Total income rose to Rs 63.63 crore for the quarter ended September 30, as against Rs 24.63 crore in the same quarter last year.

Further, the board has approved a dividend of 20 per cent (Rs 0.20 per equity share of Re one each) for the year ended September 30.

Shares of the company closed at Rs 57.25, down 1.29 per cent on the BSE.


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