Balrampur Chini Q1 net profit up 8 pc at Rs 119.78 cr

Leading sugar firm Balrampur Chini Mills Ltd today reported 8 per cent increase in its net profit at Rs 119.78 crore for the quarter ended June.

Its net profit stood at Rs 110.70 crore in the year-ago period, the company said in a regulatory filing.

The revenue rose by 37 per cent to Rs 1,136.45 crore during the first quarter of this fiscal from Rs 826.83 crore in the corresponding period of the previous year.

"We continue to deliver robust operational performance on the back of healthy contribution from the sugar segment," the company's MD Vivek Saraogi said.

He expected that sugar realisation would be remunerative going forward.

"Our efforts on cane development should lead to better productivity in the upcoming sugar season. So a conducive operating environment along with the company's core strengths of being a highly efficient and integrated player will help us sustain our superior performance going ahead," Saraogi said.

Balrampur Chini is one of the largest integrated sugar company in India. It has ten sugar factories in Uttar Pradesh having an aggregate sugarcane crushing capacity of 76,500 tonnes per day, distillery and co-generation capacity of 360 kilo litres per day and 163.2 MW, respectively.

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