Bajaj Hindusthan Sugar net loss at Rs 75 crore in June quarter

Bajaj Hindusthan Sugar Ltd on July 31 reported a consolidated net loss of Rs 74.69 crore in the June quarter on lower revenue.

The company had posted a net loss of Rs 44.91 crore in the year-ago period. Total income fell to Rs 1,363.36 crore in the April-June period of the 2023-24 fiscal from Rs 1,537.71 crore in the corresponding period of FY23.

Bajaj Hindusthan Sugar Ltd is India’s leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), the company has 14 sugar plants, all located in Uttar Pradesh.

The plants have an aggregate sugarcane crushing capacity of 1,36,000 tonnes crushed per day and an alcohol distillation capacity of 800 kilolitres per day.