Balrampur Chini disappoints in Q3, posts loss of Rs 64 cr

24060 Investors following Balrampur Chini. Share this News with them.

0

Like this story, share it with millions of investors on M3

Balrampur Chini disappoints in Q3, posts loss of Rs 64 cr

Balrampur Chini, one of largest sugar manufacturing companies in India, has reported a net loss of Rs 64 crore in the October-December quarter of FY12 as against profit of Rs 23.4 crore in the corresponding quarter of last fiscal and loss of Rs 39.4 crore in the previous quarter.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about Balrampur Chini See interviews with Balrampur Chini Management See what other Experts & Brokerages are saying about Balrampur Chini See previous Results of Balrampur Chini

Balrampur Chini , one of largest sugar manufacturing companies in India, has reported a net loss of Rs 64 crore in the October-December quarter of FY12 as against profit of Rs 23.4 crore in the corresponding quarter of last fiscal and loss of Rs 39.4 crore in the previous quarter.

Net sales jumped nearly 25% to Rs 662 crore versus Rs 530.6 crore year-on-year.

The company disappointed the street with its bottomline numbers while topline was quite better than expectations; CNBC-TV18 poll saw profit after tax of Rs 18 crore and sales of Rs 590 crore.

Consumption of raw material increased 58.5% to Rs 807 crore from Rs 509 crore year-on-year. The company made provision of Rs 92 crore post SC decision as a raw material cost.