On a standalone basis, the Company achieved sales of Rs 2757 lacs during the quarter ended 30th September’2011 which is 33% higher than the corresponding period of last year. The domestic turnover recorded a growth of 27% over the corresponding period of last year resonating with the good performance of auto, engineering, cutting tool, steel, its user industry. The export turnover recorded a growth of 61% over the corresponding period of last year due to higher machine sales. Accordingly, the half year sales have been higher at Rs 4988 lacs, 32% higher than the corresponding period last year.
The Profit After Tax (PAT) for the current quarter has been higher by 37% at Rs 555 lacs when compared to Rs 405 lacs of the corresponding period of previous year.
On a consolidated basis, Company’s sales stood at Rs 3019 lacs for the current quarter which is 32% higher than the corresponding period of last year with the Profit After Tax (PAT) of Rs 600 lacs, being higher by 33% over the corresponding period last year.
The good results in the form of revenue and net profit growth has been primarily on account of higher volumes, operational efficiencies, new products, resulting into the growth in the Non Super Abrasive business.
About the Murugappa Group
Founded in 1900, the Rs. 17051 Crores (USD 3.8 billion) Murugappa Group is one of India’s leading business conglomerates. The Group has 29 businesses including eight listed Companies actively traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd. and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Construction, Bio-products and Nutraceuticals, the Group has forged strong joint venture alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Cargill, Mitsui Sumitomo and Morgan Crucible. The Group has a wide geographical presence spanning 13 states in India and 5 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.
For further queries, contact
Vinod Kumar / Diya Kinger
Ogilvy Public Relations Worldwide
Mobile : 9840126179 / 8939623044
Rajesh Khanna
CEO, Wendt India
Murugappa Group
Phone : 04344-405500
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP