a meeting held today the Board of Directors of SRF Limited approved the unaudited
financial results for the quarter ended 30th June 2001.
company recorded Net sales of Rs. 176.36 Cr., which grew by 4.5% from Rs. 168.81
Cr. over the corresponding period last year.
before Interest Depreciation & Tax (PBIDT) at Rs. 43.10 Cr. declined by
6.3% from Rs. 45.98 Cr. in the same period last year. However, the last year's
figure of Rs 45.98 Cr. included other income of Rs 6.26 Cr. which was profit on
sale of asset (residential property) without corresponding income in the current
and Financial Charges for the current quarter at Rs. 15.56 Cr., was lower
by 7.2% as compared to Rs. 16.76 Cr. of previous year. This has been achieved
by the company's continued efforts of financial restructuring exercise, replacing
high cost debt with cheaper loans.
After Tax (PAT) at Rs. 15.23 Cr. declined by 15.3% from Rs. 17.98 Cr. for
the same period last year.
to Ravi K Sinha, CEO & Group Head, "Despite the adverse economic condition
and pressure on margins from SE and FE Asian exporters through volumes and prices,
our performance has shown improvement. If we set aside the non-operating income
of over Rs 6 Crs. of last year, PBIDT has grown by 9% and PAT by 30%."