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Suumaya Industries reports consolidated revenue of Rs 1,012 crore
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Wednesday, 16 February, 2022, 12 : 00 PM [IST]
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Our Bureau, Mumbai
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Suumaya Industries Ltd., is an emerging diversified conglomerate group. It has evolved itself into a significant player within the agri value chain. The company’s diversification and aggressive expansion plans into the agri commodity business are proving to be strategic moves that will drive its long-term growth momentum.
During the third quarter of FY2021-22, the company reported consolidated revenues of Rs 1,012 crore and PAT of Rs 96 crore. For the nine months period ended December 31, 2021, the company posted Revenues of Rs 11,020 crore and PAT of Rs 691 crore. The company is driving its business operations in sync with its financial and growth aspirations, including investing in profitable and scalable businesses.
Ushik Gala, chairman and managing director, Suumaya Industries Limited, said, “We have taken a strategic approach in reorganising our business model with a more granular and vertical focused. Our growth in the earlier quarters gave us the required impetus to catapult us in to a certain planned expansion mode. We are evolving as a company with all our learnings in place. We are now looking towards a more sustainable growth with business plans laid down within each verticals. This is being done to mitigate and put the company on a strong foundation of sustainable growth. The company is endeavoring to emerge as a fully integrated agri-value chain player – from farm to fork model. Our next phase of growth will come from strengthening our key focus areas based on long term vision and a well-defined business plan.”
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