Bajaj Hindusthan, the country's largest sugar manufacturing firm, today said it has posted a consolidated net loss of Rs 197.62 crore in the financial year ended September 2008.
The company had a consolidated net loss of Rs 4.01 crore last year, Bajaj Hindusthan said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 2,120.26 crore in FY08 from Rs 1,812.86 crore in the last fiscal.
Besides, the board has declared a dividend of 60 per cent at the rate of 60 paise on shares of face value of Re one for 2007-08.
On a standalone basis, Bajaj Hindusthan registered a net loss of Rs 87.46 crore for the fourth quarter ended September 30, 2008, while the company had posted a net profit of Rs 90.54 crore in the same quarter last year.
The company's total income rose to Rs 476.97 crore in the same quarter, from Rs 427.35 crore in the year-ago period.
Shares of Bajaj Hindusthan were trading at Rs 61.50, down 1.68 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app