Q2FY11 Results of Riddhi Siddhi just announced & are attached for reference alongwith the management meet note of the company published on 5th October 2010.
(1) Topline is as per the expectations but bottomline is far ahead of expectations.
(2) Inspite of 21 days closure of its Gokak Plant in Q2, Company has maintained NPM in double digits because of which its first half net profit (excluding exceptional gain of 3.77 cr.) has surpassed whole FY10 net profit by 32 % thereby setting the stage for company more than doubling net profit in FY11.
(3) YoY First Half net profit is up 290 %.
(4) Annualised EPS for FY11 based on first half results works out at Rs. 99.76.
Will come out with detailed analysis report on this soon & will send it to you.
Rgds.
Mahesh
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