SABERO ORGANICS =RESULTS = FOR FY 2011 = LACK LUSTRE

Sabero Organics Gujarat Limited

NSE Symbol SABERORGAN

Sabero Organics has produced dismal results for FY 2011.

Net Sales at Rs.412.72 cr has come down by 4.09% from FY 10. The Q3 FY 11 figure was Rs.92.87 cr – down by 28.55% from Q2 and down by 7.23% from Q1 FY 11.

Total Expenditure has increased to Rs.380.45 cr – up by 6.98% from FY 10; Q3 FY 11 figure was Rs.88.25 cr , down by 22.95% from Q2 and up by     5.05% from Q1 FY 11.

Profit from Operations is down to Rs.32.27 cr – down by 56.8% from FY 10; The Q3 FY 11 figure was Rs.4.62 cr- which was down by 70.08% from Q2 and down by 71.3% from Q1 FY 11.

Profit before tax was down to Rs.17.47 cr; by 71.5% from FY 10; The Q3 FY 11 figure was Rs.1.64 cr – down by 88.47% from Q2; and down by 87.15% from Q1 FY 11.

Net Profit  is down to Rs.10.62 cr – down by 72.6% from FY 10; The Q3 FY 11 figure was         Rs.1.04 cr – down by 88.1% from Q2 and down by 87.6% from Q1 FY 11.

Basic EPS in FY 11 is down to Rs.   3.14 on a FV of Rs.10, from Rs.13.18 in FY 10. The Basic EPS in Q3 FY 11 was a mere Rs.0.3, against Rs.2.58  in Q2 and Rs.2.48 in Q1 FY 11.

RESULTS TABLE :

SABERO ORGANICS	FY 11	FY 10	Q3 FY11	Q2 FY11	Q1 FY11
Net Sales	41272	43032	9287	12997.11	10010.43
Increase in SIT / WIP	-1469	534	-	-263.83	-384.23
Raw Materials	27737	24968	-504	8737.15	6186.3
Traded goods	-	-	6467	-	-
Employees Cost	1997	1659	471	519.74	463.82
Depreciation	805	749	202	208.81	190.8
Other Expenditure	8975	7654	2189	2251.03	1944.03
Total Expenditure	38045	35564	8825	11452.9	8400.72
Profit from Operations	3227	7468	462	1544.21	1609.71
Other Income	680	371	104	223	41.89
Interest	1574	1705	402	345.21	375.42
Exceptional items	586	-	-	-	-
Profit before tax	1747	6134	164	1422	1276.18
Tax Expense	685	2237	60	494.39	431.31
Net Profit	1062	3872	104	873.63	838.71
Face Value (in Rs.)	10	10	10	10	10
Paid-up Equity	3385	3380	3385	3385.44	3385.45
Reserves	-	8122	-	-	-
Basic EPS	3.14	13.18	0.3	2.58	2.48
Public holding (%)	57.76	57.85	57.76	57.76	57.76

 *  *  *   E  N  D   *   *  *