Sugar manufacturer Balrampur Chini Mills today said its net profit jumped nearly four-fold to Rs 66.29 crore in the third quarter ended June 30, 2009, over the same period last year.
Total income rose to Rs 538.07 crore in the June quarter, against Rs 316.49 crore in the same period last fiscal, Balrampur Chini Mills said in a filing to the Bombay Stock Exchange.
In a separate filing to BSE, the company said that the board of directors have approved the proposal to merge sugar unit of Indo Gulf Industries with itself.
Indo Gulf Industries is a subsidiary of the company and the proposal is subjected to shareholders approval, it added.
The filing also said that Sudhir Jalan has resigned as director of the company, it said.
Shares of Balrampur Chini were trading at Rs 109 on BSE, up 1.07 per cent from the previous close.