Surana Ind back in the black in 2010-11

Surana Industries Ltd reported a consolidated net profit of Rs 52.88 crore for the year ended March 31, 2011, a turnaround from the Rs 27.34-crore loss registered in the previous year. The iron, steel and intermediate products company reported improved margins with total revenues at Rs 1,218.87 crore, up 25 per cent from Rs 970.89 crore last year, while the total expenditure was Rs 1,024.43 crore (Rs 912.95 crore). The interest payments nearly doubled to Rs 103.03 crore from Rs 57.52 crore. The company’s board has recommended a dividend of 18 per cent.