Shrenuj FY08 net sales up by 25% at Rs 1225cr

Shrenuj and Company Ltd., an integrated Gem and Jewellery company, today reported Net sales of Rs.1225 crore for the year ended March 31, 2008 as against Rs.980 crore posted in same period of the last year, registered a growth of 25%. Net profit for the year ended March 31, 2008 rose by 36% to Rs. 45 crore, as against Rs 33 crore posted in the same period of last fiscal. Earnings per Share (EPS) for FY08 stood at Rs.6.46 (FV 2), compared to Rs.5.43 in FY07.

The board proposed a dividend of 40%.

Commenting on the results, Mr. Shreyas Doshi, Managing Director, Shrenuj and Company Ltd. said, “we have continued to grow at  faster rate as compared to the industry. The operational efficiencies have resulted in improved profitability. We expect this trend to continue in the current year. "

Sourced From: Adfactors Public Relations Pvt Ltd