Balrampur Chini Mills Q3 PAT down 65%; to consider buy back on Feb 21

Balrampur Chini Mills has reported 65 percent decline in its December quarter net profit to Rs 61.4 crore from Rs 175.2 crore in year-ago, impacted by disappointing operational performance.

Revenue from operations increased 6.9 percent to Rs 1,001.9 crore in Q3FY18, compared to Rs 937 crore in same period last year.

Operating profit during the quarter tanked 55.6 percent to Rs 109.2 crore and margin cracked sharply to 10.9 percent from 26.3 percent YoY.

The meeting of board of directors will be held on February 21, 2018, to consider a proposal for buy back of equity shares.