Financial Highlights

Turnover of the Union was only 3.5% higher than last year because of the recent increase in the cost of raw materials/packing materials, gradual increase in salaries & considerable increase in plant expenditures due to growing overheads. In addition, kilo fat payment was Rs.20 more than last year. The entire situation was kept under control by up-to-date planning, efficient administration, timely decision & considerable increase in sale of milk.

The net profit of the Union this year is Rs.651.66 lakhs with a turnover of Rs.845.83 crores after calculating the rate difference, provisions made for audit & other expenses.

Compared to last year, 12.68 % increase in milk sale was achieved by selling 4.53 lakh litres per day. Maximum sale of milk was 3,65,774 litres on 04.10.2018.

Our milk union was ranked first in the percentage of milk sold and third, in average daily local sale of milk amongst all milk unions coordinated by the State Federation and a history was created.

In view of this financial situation, a dividend of 15%, amounting to Rs.265.30 lakhs as against the total shareholding of Rs.2537.06 lakh was announced. In addition, investment of Rs. 61.29 Lakhs. (in the share of GCMMF Ltd was announced to protect the interest of all members of Co-operatives associated with Rajkot Milk Union).

Download Key Financials 2018-2019