Anil Ltd net up 29%

Agro and food processing major, Anil Limited, reported a jump of 29 per cent in its net profit at Rs 11.74 crore for the second quarter ended September 30, 2011 as against Rs 9.09 crore posted in the second quarter of the previous financial year.

The net sales in the second quarter at Rs 150.67 crore were higher by 28 per cent in the corresponding quarter of the previous fiscal’s net sales. For the first six months that ended on September 30, 201, Anil’s PAT stood at Rs 23.14 crore, thereby showing a 29 per cent increase over the first half of the previous fiscal. The net sales too were higher by 27 per cent at Rs 285.67 crore in the current fiscal’s first half as against Rs 223.87 crore in previous year’s first half. Amol S. Sheth, chairman and MD 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.”