RM Mohite FY 2010-11 revenue surges 28 percent to 138 crores

Result Announcement

Kolhapur, Maharashtra, June 4, 2011 /India PRwire/ -- RM Mohite Industries Ltd, one of the leading companies today announced the audited results for the financial year 2010-11

FY2010-11 Performance

  • The Company posted a 28% rise in revenue at `138 crores as compared to `107 crores to last year
  • Net profit during the year under review grew by 5% to `4.2 crores as compared to `4.04 crores in the last year
  • EBITDA during the year under review increased by 26% to `24.96 crores as compared to `19.69 crores in the last year

Dividend

  • The Board of Directors have recommended a dividend of 5% for the Financial Year 2010-11
  • Interim Dividend of 5% was paid during the Second Quarter of the Financial Year 2010-11

Expansion Plan

The Company's expansion-cum-up gradation programme in Hydro Power Project facility is on-course as planned. 10 MW power project is located in Fegivade Village at the foot of existing Radhanagari Dam which has a Gross storage capacity of 236.79 Mcumhe power house is fully automated driven by Francise Turbines.

Notes to Editor

About RM Mohite Industires Ltd

(BSE code: 532140)

R. M, Mohite Industries Ltd. is a company promoted by Mohite Family in the year 1991, with a view to diversify from their ancestral business of construction of earthen dams. The company's manufacturing unit is spread over 35 acers at Vadgaon near Kolhapur. The company has expanded its capacity with most modern latest and sophisticated machines. The slate of the art machinery and technology has been supplied by the reputed and renowned world class leaders In textile machinery like RIETER, SCHLAFHQRST, LUWA, VOLKMANN, USTER etc,

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