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

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SABERO ORGANICS GUJARAT LTD = Q3 FY 2011 RESULTS = QTR ENDING DECEMBER 2010 = LACK LUSTRE PERFORMANCE

Sabero Organics Gujarat Limited

NSE Symbol SABERORGAN

SABERO ORGANICS GUJARAT LIMITED  has declared its results for the quarter ending December,2010.

NET SALES  is Rs.93 cr – down by 28.55% from Q2 FY 11, down by 7.23% from Q1 FY11, down by 3.83% from Q4 FY 10, and down by 15.12% from Q3 FY 10.

Total Expenditure is Rs.88 cr – down by  22.95% from Q2 FY 11; up by 5.05% from Q1 FY11; up by 5.55% from Q4 FY 10; and up by 0.4% from Q3 FY11.

Profit from Operations is Rs.5 cr – down by 70.08% from Q2 FY11; down by 71.3% from Q1 FY11; down by 64.35% from Q4 FY 10; and down by 78.52% from FY 10.

NET PROFIT  IS Rs.1 cr – down by 88.1% from Q2 FY11; down by  87.6% from Q1 FY11; down by 85.41% from Q 4 FY 10; and down by 89.85% from Q3 FY 10.

Basic EPS     is Rs.0.3 against Rs.2.58 in Q2 FY11; Rs.2.48 in Q1 FY11; and Rs.3.51 in Q3 FY 10.

The performance in this quarter is quite lack lustre.

RESULTS TABLE:

SABERO ORGANICS	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	9287	12997.11	10010.43	9657	10941
dif %1	93	-28.55	-7.23	-3.83	-15.12
Incr./decr. In SIT / WIP	-	-263.83	-384.23	-111	85
Raw Materials	-504	8737.15	6186.3	5303	6254
Traded Goods	6467	-	-	-	-
Employees Cost	471	519.74	463.82	553	436
Depreciation	202	208.81	190.8	189	193
Other Expenditure	2189	2251.03	1944.03	2427	1822
Total Expenditure	8825	11452.9	8400.72	8361	8790
dif%2	88	-22.95	5.05	5.55	0.4
Profit from Operations	462	1544.21	1609.71	1296	2151
DIF %3	5	-70.08	-71.3	-64.35	-78.52
Other Income	104	223	41.89	192	27
Interest	402	345.21	375.42	242	493
Tax expense	60	494.39	431.31	508	660
Extraordinary Items	-	53.98	6.16	25	-
Net Profit	104	873.63	838.71	713	1025
DIF %4	1	-88.1	-87.6	-85.41	-89.85
Dividend (%)	-	-	-	12	-
Face Value (In Rs	10	10	10	10	10
Paid Up Equity	3385	3385.44	3385.45	3380	2926
Basic EPS	0.3	2.58	2.48	-	3.51
Diluted EPS	0.3	2.58	2.48	-	3.03
Public Holding (%)	57.76	57.76	57.76	57.85	60.97

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