Usher Agro Q2 revenues up by 60%

For the quarter

• Sales increased by 60.01% to Rs. 137.05 cr
• PAT increased by 32.34% to Rs. 8.93 cr

For 6M ending

• Sales increased by 61.35% to Rs. 251.66 cr
• PAT increased by 39.04% to Rs. 17.07 cr

One of the leading rice millers in India, Usher Agro Ltd, reported its quarterly profit & revenue numbers with a 60.01% rise in revenue and a massive 32.34% jump in the net profit for the quarter ended December 31, 2010.

While the company saw its net profit touching Rs. 8.93 cr for the second Quarter, which shows a 32.34% rise over the corresponding period last year, its sales increased by nearly 60.01% to Rs 137.05 cr in the reporting quarter.

The Managing Director, Mr. Vinod Kumar Chaturvedi, Usher Agro Ltd. commenting on the performance said, “We are extremely happy with the numbers. The strong demand environment across the industry have helped us to perform considerably well in the quarter thus resulting in the expansion of our revenue and profit base. We thank our stakeholders for their continuous support and hope to receive the same in the future.”

About Usher Agro Ltd
Usher Agro Ltd. has charted its growth plan  based on its conviction of the opportunities available in food processing sector and have been consistently building up the processing capacity right from its inception. Usher put its first project of rice milling at Mathura (U.P.) started in 1996 with a installed capacity of 10800 MTPA and which is now stood at over 250000 MTPA apart from 300000 MTPA is under implementation. Besides, rice milling Usher is also having Wheat flour milling facility of 75000 MTPA and captive co-generation power plant based on rice husk a bye product of rice milling activity.  

Usher believes in using the latest technology & has adapted itself with the rising demands in the industry. ‘Rasoi Raaja’ a registered brand of Usher is identified with superiority, quality & credibility.

With the recent establishment of the third unit of rice milling, USHER has become one of the leading rice millers in India. USHER is now a recognized name and a great contributor in the progress of Indian food processing industry in general & basic food segment in particular.