Anil Limited net profit up by 29.61%

Ahmedabad-based Anil Limited, the flagship company of Anil Group has announced that its net profit has increased by 29.61 percent from Rs 8.82 crores registered during the first quarter of last fiscal to Rs 11.44 crores, in Q1 of 2011- 12.

The company reported a net sales of Rs 135.11 crores, with an increase of 27.22 percent over Rs 106.19 crores registered during the first quarter of the previous fiscal.

The profit before tax (PBT) reported by the company was Rs 14.61 crores with an 30.04 percent increase over Rs 11.23 Crores registered for the corresponding period of last fiscal. For the quarter ended on June 30, 2011, earnings per share touched Rs 11.72, with an increase of 29.64 percent from Rs 9.04 registered during Q1 in last fiscal. “We are constantly engaged in developing value added products and new applications for our end user industries. This constant endeavour for improvement and innovation will ensure that the company maintains its growth momentum,” said Amol S. Sheth, Chairman and Managing Director of Anil Limited.

Anil limited, Agro / Food Processing and Bio-Industrial products major, manufactures a range of products in the corn wet milling, agro/food processing and bio industrial space.