Surana Corporation has registered a significant jump in net profit for the quarter ended June 2007. The company declared a 49.07% profit growth to Rs 54.23 million from Rs 36.38 million in the corresponding period of the last year (2006).

The quarterly sales of the company slumped 38.35% to Rs 3,988.73 million as compared with the corresponding quarter, a year ago.

Operating margins augmented to 1.52% in the same quarter, which showed an increase of 26.50 basis points as against its previous quarter, a year ago.

On the other hand, net margins ascended to 1.35% in the quarter from 0.56%.

The company’s earnings per share (EPS) on a trailing yearly basis stood at Rs 3.47.

On Monday, at the closing price of Rs 24.15, the company’s shares were valued at 6.96 times earnings on a trailing twelve month basis.