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Distilleries major BCL Industries net profit rises to Rs 20 crore in September quarter

BCL Industries Q2 results: BCL Industries on Friday returned to black, posting a consolidated net profit of Rs 19.67 crore for September quarter 2023-24. It had clocked a loss of Rs 81 lakh in the year-ago period, the company said in a regulatory filing.

According to a regulatory filing, the company’s net profit in Q2 stood at Rs 19.67 crore. The firm had logged a loss of Rs 81 lakh in the year-ago period.

The company said that the profit was driven by a rise in total income.

The total income in the quarter came in at Rs 482.72 crore, which is up from Rs 455.24 crore that it had posted in the same quarter a year ago.

The company added that its expenses in the quarter declined to Rs 452.40 crore from Rs 456.52 crore that it had reported in the same three-month duration in the year-ago period.

BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated ethanol plant.

Its shares on Friday closed higher by 1.84 per cent at Rs 52.70.

Earlier in October, BCL Industries had announced to split the company’s equity shares. The face value of each equity share of the company was split from Rs 10 to Re 1.

The above news was originally posted on news.google.com

Sugar Times
Sugar Timeshttp://sugartimes.co.in
Sugar Times is a monthly Hindi news magazine on sugarcane, ethanol and molasses; founded in co-guidance of sugar industry experienced professionals of the cane dept., scientists of sugar research institutes and experts that is distributed to a national audience in the sugar industry.Setting up a remarkable journey of 6+ years; we now have more than 10,700+ monthly circulation widely in Sugar Industry, Sugar Institutes, Sugar Federations, Sugar Mills, Potential Farmers and other liquor allied distilleries and sugar industries. Considering the geography, we have a strong hold in the northern states of the country.OBJECTIVE: - Our magazine is an initiative for sharing information and knowledge on sugarcane policies, sugarcane farming techniques for the farmers and sugar industry. It covers different articles, write-ups and news on govt. policies, sugar mill updates, molasses data and other important datas of the business.
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