Supreme Infrastructure India Ltd (SIIL) (BSE Scrip Code 532904), an Integrated Infrastructure Development company today, announced its un-audited financial results for the first quarter ended on June 30, 2008 for the FY 2008-09. Posting a robust growth for the three months ended on June 30, 2008, the company registered PAT of Rs 945.68 Lakhs as against PAT of Rs 578.44 Lakhs three months ended on June 30, 2007.

Net sales for the three month end on June 30, 2008 recorded at Rs. 7839.21 Lakhs as against net sales of Rs 3942.48 Lakhs for the corresponding period of the previous year. On a paid up capital of Rs. 1387.58 Lakhs (post IPO), the annualized earnings per share works out to Rs 27.26 and for the period of three months is 6.82

Commenting upon the Q1 performance, Mr. Vikram Sharma, Managing Director, Supreme Infrastructure India Ltd, said “With the growing Indian economy there is a need for infrastructure development and the country is heading towards it. This has given a growth momentum to the infrastructure industry in India”

The company entered capital market with an Initial Public Offering (IPO) of 34,75,000 equity shares of Rs 10 each for cash at a premium that was decided through the 100 per cent book building process. The price band of the issue was fixed at Rs 95 to Rs 108 and it was subscribed 52.53 times.

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