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Sugar major Balrampur Chini Mills today reported 45% fall in standalone net profit at Rs 70.98 crore for the quarter ended March on higher tax outgo.
The company's net profit stood at Rs 129.93 crore in the year-ago period, the company said in a filing to the BSE.
However, total income for the fourth quarter of 2012-13 fiscal increased by 29% to Rs 744.74 crore from Rs 577.75 crore in the same quarter year ago.
For the full 2012-13 fiscal, the net profit jumped to Rs 162.03 crore from Rs 6.62 crore in the previous year.
Total income increased to Rs 3,274.84 crore in 2012-13 fiscal from Rs 2,309.55 crore in 2011-12.
Shares of the Balrampur Chini Mills closed at Rs 51.60 up by 1.57%.
Balrampur Chini Mills, the country's second largest sugar firm, has factories in Uttar Pradesh having an aggregate crushing capacity of 76,500 tonnes per day.
