Balrampur Chini Quarterly result net profit up 8.40% at Rs 120.00 cr

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Net revenue of the company rose substantially by 37.45 per cent to Rs 1,136.45 crore for the quarter ended June 30, 2017, as against Rs 826.83 crore in the corresponding period last year. During Apr-Jun quarter, operating expenses increased by 45.03 per cent to Rs 929.73 crore from Rs 641.08 in the year ago period. Other Income grew by 31.07 per cent at Rs 6.96 crore versus (Jun'16 Rs 5.31 crore).

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Operating Profit surged by 11.29 per cent to Rs 206.72 crore as against Rs 185.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.69 per cent in Jun quarter. Interest grew by 24.45 per cent y-o-y to Rs 26.37 crore, while Taxation increased by 34.27 per cent to Rs 43.49 crore (Jun'16 Rs 32.39 crore). On the standalone basis, Net Profit during the quarter increased by 8.40 per cent to Rs 120.00 crore from Rs 110.70 crore in the previous year quarter.

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