Posted profit of Rs 71.9 crore

Simbhaoli Sugar, the country’s second largest refiner, has posted a net profit of Rs 71.9 crore in the second quarter of the current financial year as against Rs 29.1 crore loss in the corresponding quarter of the previous year. Backed by high sugar prices, the company’s net sales rose 62.2 per cent to Rs 706.5 crore compared with Rs 435.5 crore.

Company’s financials are expected to improve further in coming quarters because of its increased focus on refined sugar production.