[January 19, 2006]
Shree Renuka Sugars Q1 (05-06) Net at Rs 208 Million

Consolidation

The Total Consolidated Income of the Company along with its subsidiary stood
at Rs.2,055.44 million while Consolidated Net Profit was Rs.208 million.

- The consolidated Earnings Per Share for the Quarter stood at Rs 8.95

Standalone

Shree Renuka Sugars has reported improved results for the quarter ended
31st December, 2005. Total Income for the quarter stood at Rs.1,722.61
million (Rs.732.31 million), an increase of 135% over the previous quarter.
Profit Before Tax for the quarter was Rs.214.67 million (Rs.103.07 million)
while Net Profit stood at Rs.164.67 million (Rs.86.06 million), an increase
of 91.3% over the previous quarter.

The Earnings per Share for the quarter stood at Rs.7.09 (Rs.5.83).

Results at a glance
CONSOLIDATED

- Total Income increase by 181% over the Q1 of Last Year
- PBT increase by 152% over the Q1 of Last Year
- PAT increase by 143% over the Q1 of Last Year
- EPS increase to 8.95 from 5.79 over the Q1 of Last Year

STANDALONE

- Total Income increase by 135% over the Q1 of Last Year
- PBT increase by 108% over the Q1 of Last Year
- PAT increase by 91.3% over the Q1 of Last Year
- EPS increase to 7.09 from 5.83 over the Q1 of Last Year