Balrampur Chini net dips to Rs 39 crore

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Balrampur Chini Mills has posted a net profit of Rs 39 crore in the third quarter of the current financial year as against Rs 45 crore in Q3 of FY2005. The company reported 16% rise in net revenues at Rs 287 crore in Q3 of this financial year from Rs 246 crore reported in the same period last year.

PBIDT, however, fell to Rs 57 crore from Rs 74 crore, as did net profit at Rs 39 crore from Rs 45 crore. EPS fell to Rs 1.72 in Q3 of FY 2006 from Rs 2.12 in Q3 of FY2005. The company's earnings for Q3 FY2006 were lower owing to higher cost of production.