Bajaj Hindusthan Sugar Q3 net loss expands to Rs 148.77 crore
NEW DELHI: Bajaj Hindusthan Sugar on Tuesday reported a net loss of Rs 148.77 crore for the quarter ended December despite higher sales.
The company posted a net loss of Rs 36.63 crore in the year-ago period.
Total income, however, rose to Rs 1,157.07 crore in the third quarter of this fiscal from Rs 767.45 crore in the corresponding period of the previous year.
Total expenses also increased to Rs 1,305.84 crore from Rs 804.08 crore during the period under review.
Bajaj Hindusthan has 14 sugar mills with cane crushing capacity of 1.36 lakh tonnes per day and alcohol distillation capacity of 800 kilo litres per day.
Besides sugar, the Shishir Bajaj-led Bajaj Group has interests in power, ethanol, real estate, personal care products and infrastructure.