SRS Limited's Income (Unaudited) Surges 54% QoQ for the Quarter Ended 30th September 2014
DELHI, November 14, 2014 /PRNewswire/ --
SRS Limited, the BSE and NSE listed company, has announced its unaudited quarterly results for the quarter/half year ended 30th September 2014. The company has posted a remarkable jump of over 54% in its total income which rose to Rs. 932.50 crores in the quarter ended 30th September 2014, compared to Rs. 601.76 crores over the same quarter in 2013. Total income for the half year ended 30th September 2014 rose by 23% to touch Rs. 1953.21 crores, compared to Rs. 1587.25 crores in the corresponding period last year.
Net profit after tax of the company grew to Rs. 15.53 crores in quarter ended September 2014, compared to Rs. 11.87 crores in the same quarter of the previous year. This represents a jump of 30.77% in net profits of the company. Equally impressive is the 99% increase in the company's net profit for the half year ended 30th September 2014, which increased to Rs. 32.09 crores compared to Rs 16.12 crores in the corresponding period last year.
No investor complaints were received in the quarter.
Commenting on the company's performance, Dr. Anil Jindal, Chairman, SRS Limited said, "It is heartwarming to note that SRS Limited has forged ahead with a strong growth story in this quarter as well, recording admirable increase in both the top line and bottom line. These healthy results underscore the sound strategy and execution of the company, and I wish to thank all the stakeholders in making this happen. We hope to carry on the good work and delight everyone once again in the next quarter."
About SRS
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 atboth, the BSE and the NSE, the company closed FY 2014 with a turnover of Rs. 3439 crores. Its operations span across several cities in north India such as Delhi, Gurgaon, Faridabad, Noida, Ghaziabad, Shimla, Sonipat, Bareilly and more, in addition to presence in Ahmedabad and Mumbai as well.
In jewellery, SRS Limited has 10 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. 5000 crores and additional interests in real estate, financial services and healthcare sectors.
For more information visit www.srsparivar.com
Media Contact: Manoj Sharma, [email protected], +91-9811135420, Clout Communication
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