Usha International Limited , a Siddharth Shriram Group company, has recorded a healthy 38% increase in net profits for the year ending 31st March 2007 over the previous year. The company has demonstrated good performance and as per the company's audited financial results, the net profits increased to Rs.14.28 crores this year from Rs.10.37 crores last year. Gross profit has been recorded at Rs.25.47 crores this year compared to Rs. 19.56 crores last year, an increase of 30%. Total turnover for the this financial year has gone up to Rs.661 crores from Rs.541 crores last year, an increase of 22%.
As per the consolidated financial results of Usha International Ltd. and its subsidiaries, the net profits increased to Rs.18.29 crores this year from Rs.13.68 crores last year.
During the year growths were registered across all product groups of the Company.The diverse products marketed by the company include fans, sewing machines, home appliances, agricultural and domestic engines, motors & pumps, water coolers, air conditioners, generators, inverters and auto components.
