MUMBAI, NOVEMBER 11, 2019 (GPN):
- Revenue from Operations stood at Rs. 95.34 Cr as compared Rs.37.69 Cr, up 153 % for H1FY20
- EBITDA stood at Rs. 26.15 Cr as compared to Rs.14.68 Cr, 78 %, improvement over Half Year of Previous Year.
- PBT stood at Rs. 20.70 Cr as compared to Rs.12.36 Cr, up by 67%, in comparison to Half Year of Previous Year.
- PAT stood at Rs.15.23 Cr, as compared to Rs.8.76 Cr, up by 74 %, in comparison to same period of Previous Year.
- EPS stood at Rs. 13.68 as compared to Rs. 11.34 , up 20.63%, in comparison to same period of Previous Year
MANAGEMENT COMMENTS:-
Update on New manufacturing plant at Birkoni:
Management is feeling proud to share that erection and commissioning of upcoming state of the art new manufacturing Plant at Birkoni near Raipur is under progress as per scheduled target and critical processes like Refinery has already commenced production.
“We are making good progress in executing our new Strategic Plans. We are investing in several new initiatives to offer differentiated solutions to our existing customers as well as develop new customer segments & channels. We will also stay focused on streamlining our portfolio by recycling capital and focusing on high-growthbusinesses.”
Product Development:-
Shea nuts, Shea Fats & Butters:- Like other fat equivalents, butters derived from Shea nuts is also used as equivalents for Cocoa Butter Equivalents. Shea Nut is having higher butter content. The company has started procurement & imports of Shea Nuts from West Africa. It is expected that the company will launch Sales of Shea Butter based Specialty fats products in the 2nd Half of the FY 2019-2020.
AWARDS & RECOGNITIONS
The company has received various awards and recognitions during the period and some are:
The company has been awarded for “Think Csr 2019”, An Interface Between Corporates, Government and Ngos, Mr Shrey Saraf, Additional Director Of Manorama Industries Limited Receiving Award From Shri Jyoti Prakash Panigrahi, Hon’ble Minister, Tourism & Culture, Govt. Of Odisha, At Mumbai On September 24th, 2019.
Company has also received three awards for In a glittering ceremony among a galaxy of industry stalwarts received by Ms. Vinita Saraf, Ashish Saraf & Shrey Saraf, Manorama Industries Ltd, for “Highest Unique Sustainable Processors and Highest Unique Excellence in Exports of Vegetable Butters from India” continuously for the 17th consecutive year from Ms. Ibu.Ir. Musdhalifah machmud, Cabinet Minister for Ministry of Food & Agriculture , Govt of Indonesia, Mr. Pasha Patel Chairmen MACPA, Govt of Maharashtra, Mr. Kamal Datta, Secretary, Government of India, organized by SEA INDIA on September 25th, 2019 in Mumbai.
Company has been also awarded For Highest Unique Sustainable Excellence To Ashish Saraf, Manorama Industries Ltd, For Sustainable Creation Of Wealth Through Waste, Given By Hon’b Cabinet Minister Ms. Teresa Kok, Government Of Malaysia, Hon’b Ms Ibu.Ir. Musdhalifah Machmud, Minister, Govt Of Indonesia, Hon’b Ramdev Baba, At The Globoil India 2019 International Conference, On September 26th, 2019 in Mumbai.
Iopepc Under Ministry Of Commerce, Govt. Of India Gave Two Awards For “” Excellence In Highest Exports Of Speciality Butters From India “” To Manorama Industries Ltd Received By Shrey Ashish Saraf, Director, Manorama Industries Ltd, Awarded By Ms. Smita Pant, Chief Of Mission At Embassy Of India & Chief Guest His Excellency Suhail Mohammad Al Zorooni At Dubai, Among The Presence Of Leading Business Leaders From India & Around The Globe On October 20th, 2019. ENDS
About Manorama Industries Limited (BSE: 541974)
Manorama Industries ltd, having a rich history & is an acknowledged global leader in super specialty tailor made fats and Cocoa Butter Equivalent (CBE) used in chocolate, confectionery, and cosmetics in global sector.
Sustainable growth is fundamental to Manorama’s business and a key objective of our strategy. For us, sustainable growth is about our responsibility and commitment towards our key stakeholders -global and local customers, Bankers, Investors, suppliers, employees, and the communities in which we operate.
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