Balrampur Chini Mills drops on reporting Q2 net loss of Rs 39.44 crore

Balrampur Chini Mills is currently trading at Rs. 45.00, down by 0.20 points or 0.44% from its previous closing of Rs. 45.20 on the BSE.

The scrip opened at Rs. 44.90 and has touched a high and low of Rs. 46.35 and Rs. 44.30 respectively. So far 294956 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.95 on 04-Jan-2011 and a 52 week low of Rs. 43.50 on 04-Oct-2011.

Last one week high and low of the scrip stood at Rs. 52.80 and Rs. 44.15 respectively. The current market cap of the company is Rs. 1104.30 crore.

The promoters holding in the company stood at 40.11% while Institutions and Non-Institutions held 35.10% and 24.79% respectively.

Balrampur Chini Mills has announced results for the quarter ended September 30, 2011

The company had reported a net loss of Rs 39.44 crore in July-September quarter 2011 against Rs 78.34 crore in the year-ago period. The net sales of the country's largest integrated sugar manufacturing company fell by 1.09% to Rs 502.75 crore in the second quarter as against Rs 508.28 crore in the same period last fiscal.

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.