Rajshree Sugars and Chemicals today announced more than two-fold jump in the standalone net profit at Rs 24.41 crore for the quarter ended March 31.
The company's standalone net profit stood at Rs 10.10 crore in the same period last year, it said in a filing to the Bombay Stock Exchange (BSE).
Rajshree Sugars and Chemicals (RSCL) said its net income rose to Rs 163.26 crore in the quarter ended March 31, as against Rs 136.07 crore in the year-ago period.
Net income of the company shot up due to improved revenues from sugar segment at Rs 141.63 crore in the quarter ended March 31, as against Rs 111.93 crore in the year-ago.
However, the Coimbatore-based company posted a consolidated net loss at Rs 8.57 crore for the year ended March 31, 2011, as against Rs 45.99 crore in the last year.
But the net income rose to Rs 737.10 crore, compared with Rs 563.56 crore last year.
Shares of the company rose by 1.13% to settle at Rs 49.05 on the BSE.