Bajaj Hindusthan Sugar Ltd today reported a net loss of Rs 36.63 crore for the quarter ended December on lower sales and high finance cost.
Its net loss stood at Rs 70.14 crore in the year-ago period, the company said in a regulatory filing.
Income from operations fell to Rs 727.50 crore in the third quarter of this fiscal from Rs 766.81 crore in the corresponding period of the previous year.
Finance cost stood at Rs 200.88 crore during the October-December quarter of the 2016-17 fiscal as against Rs 207.19 crore in the year-ago period.
Bajaj Hindusthan has 14 sugar mills in Uttar Pradesh with cane crushing capacity of 1.36 lakh tonnes per day and alcohol distillation capacity of 800 kilo litres per day.
The company has recently announced plans to sell its co-generation power business to group firm Lalitpur Power Generation Company Ltd (LPGCL) for about Rs 1,800 crore.
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