Balrampur Chini net losses narrows to Rs 63.90 cr in Q2

Sugar firm Balrampur Chini Mills today said it standalone net loss has narrowed to Rs 63.90 crore for the second quarter of this fiscal on account of higher income.
The UP-based mill had clocked a net loss of Rs 122.11 crore in the corresponding quarter of 2013-14, it said in a BSE filing.
The net loss has come down as the company's total income improved by 20 per cent to Rs 682.61 crore in July-September of the 2014-15 from Rs 568.30 crore in the year-ago period.
Expenses were higher at Rs 722.51 crore as against Rs 658.87 crore in the corresponding quarter.

Balrampur Chini, the country's second largest sugar firm, has 11 factories located in Uttar Pradesh, having an aggregate crushing capacity of 79,000 tonnes per day.
The company's shares fell by 1.85 per cent to close at Rs 55.85 a piece on the BSE today.