Sunday, October 17, 2010

VENUS REMEDIES = Q2 FY 2011 (SEP 2010) RESULTS = IMPROVING WELL


VENUS REMEDIES LTD
Q2 FY 2011 RESULTS

Venus Remedies has declared its stand alone results for the Q/E sept,2010.
Net Sales has increased to Rs.857.5 cr from Rs.821.67 in previous qtr (an improvement of 4.36%) and from Rs.748.61       in Q/e Sep,2009 (+14.55%).
Net Profit has increased to Rs.115.65 Cr – up by 5.83% from previous Qtr and by 5.11% from corresponding Q/e sep,2009.
Basic EPS has gone up to Rs.13.62 on a Face value of Rs.10 - up from Rs.12.87 in previous Qtr (+5.83%) and from Rs.12.99 in Q/e Sep,2009(+4.85%)
The Company on October 15, 2010, has allotted 12,00,000 warrants fully convertible into equity shares to Sunev Pharma Solutions Ltd. a promoter group Company on preferential basis.
RESULTS IN FIGURES :
QTR / End
30-Sep-10
30-Jun-10
Dif%1
30-Sep-09
Dif%2
Net Sales
857.5
821.67
4.36
748.61
14.55
Other Income
0.55
0.15
266.67
7.58
-92.74
Expenditure
-639.09
-632.01
1.12
-582.85
9.65
Interest
-51.13
-33.63
52.04
-21.06
142.78
Profit Befor. Depr.& Tax
167.83
156.18
7.46
152.28
10.21
Depreciation
-23.39
-19.71
18.67
-19.72
18.61
Profit before Tax
144.44
136.48
5.83
132.56
8.96
Tax
-28.79
-27.2
5.85
-22.53
27.79
Net Profit
115.65
109.28
5.83
110.03
5.11
Equity Capital
84.92
84.92
0
84.73
0.22
Basic EPS
13.62
12.87
5.83
12.99
4.85
% of Shares-Public
74.65
74.65
0
74.59
0.08
Opertng Profit Margin
25.53
23.1
10.52
23.15
10.28
Net Profit Margin
13.49
13.3
1.43
14.7
-8.23
* * *   E N D   * * *

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