15% Surge in SRS Limited's Income (Unaudited) for the Quarter Ended 31st December 2013

DELHI, February 18, 2014 /PRNewswire/ --

SRS Limited, the BSE and NSE listed company, has announced its unaudited quarterly results for the three quarters, equivalent to nine months, which ended December 2013.

The company has posted a jump of 15.93% in total income from operations (net), which grew to Rs. 82473.11 lakhs in the quarter which ended on 31st December 2013, compared to Rs.71,136.71 lakhs in the quarter which ended on 31stDecember 2012. The results for the quarter which ended on 31st December 2013 represents a jump of 37% over the previous quarter that ended on 30th September 2013, which reported the same at Rs. 60,176.32 lakhs (unaudited). No investor complaints were received in the quarter.

For the nine months which ended on 31December 2013, the company reported a total income from operations - net (unaudited) of Rs. 241,197.92 lakhs, marking a jump of 37% over the Rs. 176,108.89 lakhs reported for the same period which ended on 31December 2012.

Commenting on the company's performance, Dr. Anil Jindal, Chairman, SRS Limited said, "I am happy to see the company's topline show a healthy growth, and this reaffirms our business strategy and results. We have made significant expansions in early 2014 as well, and hence eagerly look forward to the next quarter's performance. I thank all stakeholders who have contributed in taking the Company ahead."

Incorporated in the year 2000, SRS Limited is a Faridabad (Delhi NCR) headquartered company with a presence in gold and jewellery, film exhibition, retail and hospitality sectors. Listed on both the BSE and the NSE, the company closed FY 2013 with a turnover of Rs. 2888 crores. Its operations span across several cities in north India such as Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Shimla, Sonepat, Bareilly and more, in addition to Ahmedabad and Mumbai. 

In jewellery, SRS Limited has 7 retail showrooms, 1 EOU and 4 wholesale offices, and in cinemas it has 17 cinemas with 48 screens. Its retail operations encompass 45 stores across the FMCG and apparel categories, and the hospitality business comprises food-courts, fine dining restaurants and packaged food.  

SRS Limited is a part of the larger SRS Group, which has a turnover of Rs. 4500 crores and additional interests in real estate, financial services and healthcare sectors. The group was ranked in the 2nd position by Business World in May 2013, in the middleweight organisations category. http://www.srsparivar.com

Primary Media Contact: Manoj Kumar, [email protected], 91-9811135420