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Karuturi Global Limited - Results Press Release
Financial Highlights :
1. Revenues for the 3 months ended
2. Net profit of the company has shown a growth of 25% with
3. E.P.S is up by 30.8%.
Mr.Karuturi Sai Ramakrishna , Managing Director of the company has said
that 'the result manifests the steady growth of the company with a view to
achieve a wider growth once the investment and efforts put in by the company
in Agriculture yield results'. He is also confident of transforming
Karuturi Global Ltd has also received a prestigious 'Business Excellence
award' from CCA, Corporate Council on
About Karuturi Global Limited:
Karuturi Global Limited has ventured into the African Continent by
acquiring 7,65,000 acres of agricultural land for the cultivation of Maize,
Paddy, Sugar Cane, Palm oil and Vegetables . Karuturi Global is also the
worlds largest producer of roses , with 239 hectares under green house
cultivation in
KARUTURI GLOBAL LIMITED
Regd Office: 204, Embassy Centre, Crescent Road, Bangalore 560001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED
30.9.2009
(All figures Rupees in Lakhs except EPS)
CONSOLIDATED RESULTS
3 months ended 3 months ended
Particulars 30.9.2009 30.9.2008
Unaudited
Net Sales/Income from operations 12,633.65 10,127.47
TOTAL INCOME 12,633.65 10,127.47
EXPENDITURE
Consumption of materials
& other items 3,733.12 2,547.28
Employee Costs 1,264.45 1,096.18
Depreciation 736.56 315.60
Other Expenditure 3,015.32 3,042.03
Total 8,749.45 7,001.09
Profit from operations
before other income, interest &
exceptional items 3,884.20 3,126.38
Other Income 99.55 81.29
Profit before interest &
exceptional items 3,983.75 3,207.67
Interest & Financial Charges 164.40 284.12
Profit/(Loss) after interest
but before exceptional items 3,819.35 2,923.55
Exceptional items - -
Net Profit from ordinary
activities before tax 3,819.35 2,923.55
Tax expense 15.00 6.60
Net Profit /(Loss) from
ordinary activities after tax 3,804.35 2,916.95
Extraordinary item (net of tax expense) 159.00 -
Net Profit for the period 3,645.35 2,916.95
Paid up Capital (Face value of
Re.1/- each) 4,565.97 3,309.75
Reserves excluding revaluation
reserve as per audited
balance sheet
EARNING PER SHARE (Not Annualised)
(Before extraordinary items)
Basic 0.83 0.88
Diluted 0.68 0.52
EARNING PER SHARE (Not Annualised)
(After extraordinary items)
Basic 0.80 0.88
Diluted 0.65 0.52
(All figures Rupees in Lakhs except EPS)
CONSOLIDATED RESULTS
6 months 6 months Year
Particulars ended ended ended
30.9.2009 30.9.2008 31.3.2009
Unaudited Audited
Net Sales/Income from operations 24,494.19 20,916.29 44,584.48
TOTAL INCOME 24,494.19 20,916.29 44,584.48
EXPENDITURE
Consumption of materials
& other items 7,231.04 4,772.33 14,240.80
Employee Costs 2,486.46 2,255.79 4,972.70
Depreciation 1,390.08 631.76 1,541.73
Other Expenditure 5,877.83 6,833.52 10,810.10
Total 16,985.41 14,493.40 31,565.33
Profit from operations
before other income, interest &
exceptional items 7,508.78 6,422.89 13,019.15
Other Income 210.97 105.35 781.60
Profit before interest &
exceptional items 7,719.75 6,528.24 13,800.74
Interest & Financial Charges 275.34 423.44 2,082.09
Profit/(Loss) after interest
but before exceptional items 7,444.41 6,104.80 11,718.65
Exceptional items - -
Net Profit from ordinary
activities before tax 7,444.41 6,104.80 11,718.65
Tax expense 30.00 18.59 81.11
Net Profit /(Loss) from
ordinary activities after tax 7,414.41 6,086.21 11,637.55
Extraordinary item (net of
tax expense) (24.67) - (95.94)
Net Profit for the period 7,439.08 6,086.21 11,733.48
Paid up Capital (Face value
of Re.1/- each) 4,565.97 3,309.75 4,529.09
Reserves excluding revaluation
reserve as per audited
balance sheet 49,791.40
EARNING PER SHARE (Not Annualised)
(Before extraordinary items)
Basic 1.62 1.84 2.55
Diluted 1.33 1.09 2.08
EARNING PER SHARE (Not Annualised)
(After extraordinary items)
Basic 1.63 1.84 2.57
Diluted 1.33 1.09 2.10
KARUTURI GLOBAL LIMITED
Regd Office: 204, Embassy Centre, Crescent Road, Bangalore 560001
DETAILS OF PUBLIC AND PROMOTER SHARE HOLDING
30.9.2009 30.9.2008
Public Shareholding
Number of Shares 348,607,568 229,828,190
Percentage of shareholding 76.34% 69.43%
Promoter and promoter group
shareholding 107,989,007 101,146,810
(a) Pledged/Encumbered
Number of Shares * 84,472,370 -
Percentage of shares
(as a % of total
shareholding of promoter
and promoer group) 78.22% -
Percentage of shares
(as a % of total
sharecapital of the company) 18.50% -
(b) Non-encumbered
Number of Shares 23,516,637 -
Percentage of shares
(as a % of total
shareholding of promoter
and promoer group) 21.78%
Percentage of shares
(as a % of total
sharecapital of the company) 5.15%
* The promoter shares pledged to YES Bank is towards secondary security
for the term loan availed by the company for deployment in
Notes :
1.The above financial results have been reviewed by the Audit Committee
and approved by the Board of Directors in its meeting held on
2. Company has received the prestigious 'Business Excellence Award' in
Agribusiness, from CCA, (Corporate Council on
3. Company has allotted
4. Number of Investor grievances pending at the beginning of the quarter :Nil, Received and Redressed during the quarter:4, Pending at the end of the quarter:Nil.
5. Company has transferred to its Foods, Retail and ISP operations to its wholly owned subsidiaries; hence the standalone results for the 6 months ended 2009 are not not directly comparable with standalone results of 6 months ended 2008
6. Previous period figures have been re-grouped / re-arranged wherever required.
For more information, please contract,
Y.Venu Madhava Reddy
Corporate communications
Karuturi Global Ltd
Bangalore, India
Email:venu@karuturi.com,fax:+91-80-22259782,Tel: +91-80-40809000
SOURCE Karuturi Global Limited
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