Shree Renuka Sugars jumps after announcing turnaround in Q4

Shree Renuka Sugars jumped 6.82% to Rs 12.06 at 13:10 IST on BSE after reporting net profit of Rs 4.30 crore in Q4 March 2015 compared with net loss of Rs 88.30 crore in Q4 March 2014.

The company announced results after market hours yesterday, 21 May 2015.

Meanwhile, the S&P BSE Sensex was up 214.96 points or 0.77% at 28,024.31.

On BSE, so far 22.39 lakh shares were traded in the counter as against average daily volume of 10.23 lakh shares in the past one quarter.

The stock hit a high of Rs 12.22 and low of Rs 11.80 so far during the day. The stock had hit a 52-week high of Rs 31.80 on 6 June 2014. The stock had hit a 52-week low of Rs 11.10 on 19 May 2015.

The stock had underperformed the market over the past one month till 21 May 2015, declining 11.8% compared with Sensex's 0.48% rise. The scrip had also underperformed the market in past one quarter, dropping 31.78% as against Sensex's 4.86% fall.

The mid-cap sugar producing company has equity capital of Rs 92.88 crore. Face value per share is Re 1.

Shree Renuka Sugars' total income fell 9.78% to Rs 1684 crore in Q4 March 2015 over Q4 March 2014.

Shree Renuka Sugars reported consolidated net loss of Rs 1812.90 crore in the year ended 31 March 2015 (FY 2015) compared with consolidated net loss of Rs 1478 crore in the year ended 31 March 2014 (FY 2014). Total income declined 12.72% to Rs 10134.10 crore in FY 2015 over FY 2014.

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