Balrampur Chini Q4 net down 45% at Rs 70.98 cr

Sugar major Balrampur Chini Mills today reported 45% fall in standalone net profit at Rs 70.98 crore for the quarter ended March on higher tax outgo.

The company's net profit stood at Rs 129.93 crore in the year-ago period, the company said in a filing to the BSE.

However, total income for the fourth quarter of 2012-13 fiscal increased by 29% to Rs 744.74 crore from Rs 577.75 crore in the same quarter year ago.

For the full 2012-13 fiscal, the net profit jumped to Rs 162.03 crore from Rs 6.62 crore in the previous year.

Total income increased to Rs 3,274.84 crore in 2012-13 fiscal from Rs 2,309.55 crore in 2011-12.

Shares of the Balrampur Chini Mills closed at Rs 51.60 up by 1.57%.

Balrampur Chini Mills, the country's second largest sugar firm, has factories in Uttar Pradesh having an aggregate crushing capacity of 76,500 tonnes per day.