- Company net up by 92.4%at Rs 2.87 crore
- Management blue-print for growth yielding results
- Takes over a Starch unit
- Only Company in south India to manufacture Sorbitol
- Triples installed capacity to 1,20,000 MTPA
- Aims to reach Rs 200 cr turnover from present Rs 90 cr
GayatriBioOrganics Limited, formerly Gayatri Starchkem Limited, part of the diversified Gayatri Group, has posted an impressive net profit of Rs 2.87 crore, up by 92.4 % for the year ended March 31, 2011 as against Rs 1.49 crore in the last financial year.
The Company posted a turnover of Rs90crore for the year ended March 31, 2011 as against Rs 62.24 crore registering a hike of 40%.
Gayatri BioOrganics Limited for the quarter ended March 31, 2011 registered a growth of 42.11 % at Rs 28.56 crore as against Rs 20.10 crore in the corresponding period of the last fiscal.
The Company plays a dominant role in the south India and boasts as the only entity engaged in manufacture of Sorbitol. The Company has a strong market share and is leading the market in south India.
Commenting on the growth blue-print, Mr. Sandeep Kumar Reddy, Chairman, Gayatri BioOrganics Limited said “The Company is charting out an impressive growth story. The Company with a turnover of Rs 90 crore has ambitious plans to improve its performance in the coming days and is aiming at a turnover of Rs 200 crore”.
In order to ramp up its capacity and turnover in the days to come, Gayatri BioOrganics Limited has recently acquired a Starch unit in Balabhadrapuram Village, Biccavole Mandal, East Godavari District with an installed capacity of 45000 MTPA.
With this acquisition, Gayatri BioOrganics Limited has triples its capacity to 1,20,000 MTPA. The acquisition will help enhance the Company to increase production of Sorbitol and Starch by 40%.
“The acquisition is part of our focused growth plans. It will help us triple our capacity and emphasis the Gayatri BioOrganics dominant position in the south Indian markets”, Mr. Reddy said.
With the sound management and a dedicated team, focused efforts to improve the performance, Gayatri BioOrganics Ltd in the last three years has nearly doubled its gross turnover.
As per the un-audited financial results for the financial year 2010-11 the Company achieved a Gross Turnover of Rs. 90 Crore with a capacity utilization of 100% and the profitability to the tune of Rs. 3 Crore.
Gayatri BioOrganics Limited has been consistently improving its performance by utilizing its capacity with each passing year, thereby improving the bottom-line.
Previously, the Company during the financial year 2008-09 has achieved a Gross Turnover of Rs.49 Crores (Capacity Utilization 73%) and during the subsequent year i.e. 2009-10, the Gross turnover of the Company was increased to Rs. 63 Crores with a capacity utilization of 89 %.
About Gayatri BioOrganics Limited:
Gayatri Bio-organics, previously called Gayatri Starchkem Ltd, was started in 1993. Part of the diversified Gayatri Group, it is one of the largest manufacturing units of Starch, Liquid Glucose Sorbitol and its allied products in south India with a wide distribution network across the country.
Gayatri BioOrganics Limited is located at Nandikandi village in Medak District of Andhra Pradesh, 65 KM from Hyderabad.
