Sahyadri Industries reported an interesting set of numbers. Sales increased from 91.59cr to 103.73cr YoY and losses reduced from 4.85cr to 0.43cr . For the year ending Mar 2015 sales increased from 372 in FY 14 to 437cr in FY15 and it turned around itself churning out profits of 7.11 cr against a loss of 6.01cr.
There was another important update announced on BSE a few days back:
“Sahyadri Industries Ltd has informed BSE that the Company has started commercial production at Vljaywada plant, Andhra
Pradesh on May 04, 2015 after taking production runs and stabilising the products.
It expected that gross sales revenue of the products manufactured at the plant is likely to exceed 10% to 15% of the gross sales for the year 2014-15.”
This should be interesting especially the last line.