Efforts like value addition to its existing products and enhanced exports have reaped some benefits for Ahmedabad-based agro and food processing Anil Limited in its standalone financial results for the third quarter ended December 31, 2011.
The company reported a net profit of Rs 12.14 crore in Q3 of FY 2011-12, representing a jump of 7.91 per cent over Rs 11.25 crore in the corresponding period last year.
In terms of net sales, the company registered Rs 155.48 crore in current Q3, which was 17.36 per cent higher than Rs 132.48 crore of previous fiscal's third quarter net sales.
The company's product lines for end-user industries especially pharma, food and feeds continue to show strong growth.
"The increase in sales and profits is the result of company’s continued focus on value-added products, extensive customer engagement activities," said Amol Sheth, chairman and managing director, Anil Limited. The company manufactures products in different segments like food, beverages, paper, textiles, animal healthcare, personal care, chemicals and intermediates, and confectioneries, among other things.