SRS Limited's Income Surges by 19% in FY 14

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SRS Limited

30 May, 2014, 09:17 IST

DELHI, May 30, 2014 /PRNewswire/ --

SRS Limited, the BSE and NSE listed company, has announced its audited results for the year ended 31st March 2014.

  • The company has posted a jump of 19% in total income from operations (net) which grew to Rs. 3439.38 crores in FY 14, compared to Rs. 2888.79 crores in the previous year.
  • Net profit rose by 31% to Rs 42.75 crores, up from Rs 32.67 crores in FY 14.
  • EPS grew from Rs 2.35 in FY 13 to Rs 3.07 in FY 14, representing a jump of 30%.

Commenting on the company's performance, Dr. Anil Jindal, Chairman, SRS Limited said, "I am thrilled to see the company grow well in FY 14 and thank all the stakeholders who made this happen. The fact that we achieved this in a challenging economic environment speaks volumes about our business strategy and portfolio. I am also happy to state that the company made significant expansions across all its key businesses, reaching new markets and new customers."

The company has recorded good growth across all its verticals with jewellery business growing by 20%, retail by 10% and cinemas by 5.55%.

The investor-friendly company received no complaints in the last quarter of FY 14, and closed the year with zero investor complaints.

About SRS Limited

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. Its operations span across several cities in north India such as Delhi, Gurgaon, Faridabad, Ghaziabad, Noida, Lucknow, Patiala, Ludhiana, Shimla, Sonepat, Bhiwadi, Bareilly and more, in addition to presence in Ahmedabad and Mumbai as well. 

Over the last year or so, the company opened 2 new jewellery retail showrooms, 5 cinemas and 4 retail stores. With this, it has 8 jewellery retail stores, 4 jewellery wholesale offices and 1 EOU. In cinemas, it has 48 screens across 17 properties and in retail it has 40 stores including its own retail stores and EBOs. In the hospitality segment, it operates food courts, banquets, fine-dining, resto bars and packaged snack food.

SRS Limited is a part of the larger SRS Group, which has a turnover of over Rs.4500 crores and additional interests in real estate, financial services and healthcare sectors.

Website : www.srsparivar.com

Media Contact : Manoj Sharma, [email protected], +91-9811135420