Shree Renuka Sugars Ltd today reported an over two-fold jump in its consolidated net profit at Rs 187 crore for the quarter ended June 30, on higher sales and other income.
The company had posted a net profit of Rs 90.2 crore in the year-ago period.
The consolidated net sales increased by over 10 per cent at Rs 2,258 crore during April-June quarter against Rs 2,044.6 crore in the corresponding quarter of last year, Renuka Sugars said in a filing to the Bombay Stock Exchange.
The company's total income from operations rose to Rs 2,240 crore in the third quarter of 2010-11 fiscal from Rs 1,999.5 crore in the same quarter of previous fiscal.
Sugar firms follow October-September period as financial year in line with sugar season.
The other income jumped nearly three-fold Rs 125.9 crore in the June quarter from Rs 42.6 crore in the same quarter of last year.
Renuka Sugars operates 11 mills globally, with a total crushing capacity of 20.7 million tonne per annum (MTPA) or 94,520 tonne crushed per day (TCD).
The company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 35,000 TCD and two port based sugar refineries with expected capacity of 1.7 MTPA.