Balrampur Chini Mills turns black in Q2FY17

Balrampur Chini Mills has reported results for the second quarter ended September 30, 2016.

The company has reported a net profit of Rs 106 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 13.59 crore for the same quarter in the previous year. The company’s total income increased by 69.36% to Rs 941.30 crore for the quarter under review from Rs 555.80 crore for the corresponding quarter of the previous year.

Balrampur Chini is one of the largest integrated sugar manufacturers in India. Its business portfolio consists of manufacturing and marketing of sugar, ethyl alcohol, ethanol, generation and selling of power and also manufacturing and marketing of organic manure.