Monday, March 30, 2015
Karuturi Global consolidated quarterly net rises 31.35%
Karuturi Global Ltd saw a substantial rise in consolidated net profit for the quarter ended December 2014.
During the quarter, the profit of the company rose 31.35% to Rs.103.11 million from Rs.78.50 million in the same quarter last year.
Net sales for the quarter however declined 61.32% to Rs 569.81 million, compared with Rs.1,473.06 million for the prior year period.
Medium term investors, should buy the shares of Karuturi Global Ltd (Rs.1.60) in all declines; for some superb returns in the coming quarters.