Shah Alloys Limited exports zoom 483% to Rs.158 Crores

The export for the quarter ended 30th September 2006 has gone up by 483% to Rs.158 Crores and the total sales for the quarter has gone up by 40% to Rs.324 Crores. The profit after tax for the quarter was Rs.14.10 Crores and that for the half year was Rs.30.28 Crores. The company has raised capital by issue of GDR for US$ 6.96 million during the quarter and it has also issue bonus shares in the ratio of 1:1 during the quarter March, 2006. The company has also issued FCCBs for US$ 10 million during the quarter. The company has export orders on hand for Rs.250 Crores.

Source : Equity Bulls

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