Net Profit grows at Shrenik gains in the Financial Year 2019

Shrenik Limited, formerly knows as Shrenik Pvt. Ltd and Shrenik Tradelink Pvt. Ltd, published the Board of Director approved standalone financial results for the period ended March 31, 2019.

Company : Supreme (India) Impex Limited

Shrenik Limited published the standalone financial result of the company for the year that ended on 31st March, 2019. The revenue of the company stood by Rs.83836.88 Lac on the year that ended on 31st March, 2019.

Shrenik Limited earned revenue of Rs.39577.70 Lac by the six months that ended on 30th September, 2018 and Rs.44259.18 Lac by the quarter that ended on 31st March, 2019. The company achieved revenue of Rs.31785.37 Lac in the same quarter, previous year. The company achieved Rs.12473.81 Lac more by the end of 31st March 2018 quarter compared with the same quarter of 2019.

The revenue of the company was Rs.83836.88 Lac by the end of 31.3.2019 and Rs.59477.02 Lac by the end of 31.3.2018. The company achieved Rs.24425.86 Lac more revenue by the year end of 31st March 2018 as compared to the end of 2019 financial year.

Shrenik Limited has reportedly made a before tax profit of Rs.825.87 Lac by 30.9.2018 and Rs.904.75 Lac by the end of 31st March, 2019 quarter. The company made a before tax profit of Rs.1730.61 Lac by 31st March, 2019 and profit of Rs.1215.80 Lac was made by 31st March, 2018. The before tax profit saw a rise by Rs.514.81 Lac by the end of 2019 as compared with the financial year of 2018.

The company made a net profit of Rs.564.99 Lac by the half year that ended on 31.3.2019. The net profit of the company stood at Rs.1111.88 Lac on 31.3.2019 as compared to Rs.791.08 Lac by the end of 31st March, 2018. Net profit increased by Rs.320.8 Lac in financial year of 2019.

The Board of Directors of Shrenik Limited recommended dividend of Rs.0.20 per equity share (10%) of the face value of Rs.2/-each for the financial year that ended on March 31, 2019.

The company also got approval for Migration of Equity Shares of the company from emerge platform of national stock exchange of India Limited (NSEIL) to main board of NSEIL.