India’s largest sugar maker Bajaj Hindusthan has reported 88% decline in its standalone net profit to Rs 8.78 crore for the second quarter ended March 31, 2012. The company had posted a net profit of Rs 72.82 crore in the year-ago period.
The standalone net sales of the company fell by 4% to Rs 1,201.03 crore during the quarter under review from Rs 1,252.49 crore in the same quarter of 2010-11.
Bajaj Hindusthan follows October-September financial year in line with the sugar marketing season. The company has 14 sugar mills with cane crushing capacity of 1.36 lakh tonnes per day.
| Company Name | CMP |
|---|---|
| Shree Renuka Sugar | 27.60 |
| Bajaj Hindusthan Sug | 19.79 |
| Triveni Engg. & Inds | 402.15 |
| Balrampur Chini Mill | 522.95 |
| Dalmia Bharat Sugar | 384.80 |
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