Usher Agro Ltd. (BSE code: 532765), one of the leading rice millers in India, reported a robust growth in revenue for the year ended, June 30, 2010.
The company achieved an incredible increase in revenue by a 63.67% from Rs. 208.95 Cr to Rs. 342 Cr during the same period, last fiscal. The profit after tax for the year ended June 30, 2010 stood at Rs. 23.53 Cr, resulting into an increase of 58.45%, as against Rs. 14.85 Cr in the corresponding period of the last fiscal.
Earnings per share went up to Rs. 10.91 as against Rs. 7.26 in the previous year recording an increase of about 50.27%.
| Highlights | |||
| Year ended 30th Jun’10 (Rs. Cr.) | Year ended 30th Jun’09 (Rs. Cr.) | Growth % | |
| Turnover | 342.00 | 208.95 | 63.67 |
| Profit after tax | 23.53 | 14.85 | 58.45 |
| Earnings per share (face value Rs.10/-) | 10.91 | 7.26 | 50.27 |
Commenting on the results Mr. Vinod Kumar Chaturvedi, MD of the company said, “We are extremely happy with our performance and with faith of the investors we will keep this growth continue.”
About Usher Agro:
Usher Agro Ltd. has charted its growth plan based on its conviction of the opportunities available in food processing sector and have been consistently building up the processing capacity right from its inception. Usher put its first project of rice milling at Mathura (U.P.) started in 1996 with a installed capacity of 10800 MTPA and which is now stood at over 250000 MTPA. Besides, rice milling Usher is also having Wheat flour milling facility of 75000 MTPA and captive co-generation power plant based on rice husk a bye product of rice milling activity.
Usher believes in using the latest technology & has adapted itself with the rising demands in the industry. ‘Rasoi Raaja’ a registered brand of Usher is identified with superiority, quality & credibility.
With the recent establishment of the third unit of rice milling, USHER has become one of the leading rice millers in India. USHER is now a recognized name and a great contributor in the progress of Indian food processing industry in general & basic food segment in particular.