Supreme Industries Sales rose 20.74% to Rs.363.85 cr. in the quarter ended 30th June'07 as against Rs.301.35 cr. during the corresponding previous quarter.
For the full year FY07, the company earned a net profit of Rs.39.7 cr. against Rs.23.2 cr. in the previous year without any other income. The company has earned record operating profit of around Rs.50 cr. in a single quarter, which is indeed remarkable. It has declared 75% dividend inclusive of 25% interim dividend on the enlarged capital.
The company has commenced construction of its commercial complex at Andheri (West), Mumbai. The construction of the 1st level basement is completed and work on the 2nd level basement is nearing completion. The total area being constructed would be about 2,10,000 sq. ft. apart from 350 car parking spaces at the basement level. The entire complex consisting of 10 floors is likely to be ready for occupation during the last quarter of 2008. The capital expenditure incurred on the project till 30 June 2007 is Rs.32.24 cr.
This is the constructed area. So area for sale should be at least 35% more than the constructed area around 2.8 lakh sq. ft. So at 14,000 rate per sq. ft. the total amount can be around Rs.392 cr. Moreover, the company is likely to get TDR above 10 floor, which is likely to generate still more profits.
Investors may please note that the above income is likely to be over and above its operational income, which itself is very encouraging. This may enthuse the management to develop more real estate business at its other units at various places. Stay invested for good, long-term growth.
For the full year FY07, the company earned a net profit of Rs.39.7 cr. against Rs.23.2 cr. in the previous year without any other income. The company has earned record operating profit of around Rs.50 cr. in a single quarter, which is indeed remarkable. It has declared 75% dividend inclusive of 25% interim dividend on the enlarged capital.
The company has commenced construction of its commercial complex at Andheri (West), Mumbai. The construction of the 1st level basement is completed and work on the 2nd level basement is nearing completion. The total area being constructed would be about 2,10,000 sq. ft. apart from 350 car parking spaces at the basement level. The entire complex consisting of 10 floors is likely to be ready for occupation during the last quarter of 2008. The capital expenditure incurred on the project till 30 June 2007 is Rs.32.24 cr.
This is the constructed area. So area for sale should be at least 35% more than the constructed area around 2.8 lakh sq. ft. So at 14,000 rate per sq. ft. the total amount can be around Rs.392 cr. Moreover, the company is likely to get TDR above 10 floor, which is likely to generate still more profits.
Investors may please note that the above income is likely to be over and above its operational income, which itself is very encouraging. This may enthuse the management to develop more real estate business at its other units at various places. Stay invested for good, long-term growth.
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