Balrampur Chini net losses narrows to Rs 63.90 cr in Q2

Image
Press Trust of India New Delhi
Last Updated : Nov 07 2014 | 5:16 PM IST
Sugar firm Balrampur Chini Mills today said it standalone net loss has narrowed to Rs 63.90 crore for the second quarter of this fiscal on account of higher income.
The UP-based mill had clocked a net loss of Rs 122.11 crore in the corresponding quarter of 2013-14, it said in a BSE filing.
The net loss has come down as the company's total income improved by 20 per cent to Rs 682.61 crore in July-September of the 2014-15 from Rs 568.30 crore in the year-ago period.
Expenses were higher at Rs 722.51 crore as against Rs 658.87 crore in the corresponding quarter.
Balrampur Chini, the country's second largest sugar firm, has 11 factories located in Uttar Pradesh, having an aggregate crushing capacity of 79,000 tonnes per day.
The company's shares fell by 1.85 per cent to close at Rs 55.85 a piece on the BSE today.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 07 2014 | 5:16 PM IST

Next Story