Balrampur Chini shares jump nearly 7 pc after Q1 earnings

Shares of sugar firm Balrampur Chini Mills today surged nearly 7 per cent after the company reported 8 per cent increase in its net profit for the quarter ended June.
The stock jumped 6.54 per cent to end at Rs 165.25 on BSE. During the day, it gained 7.73 per cent to Rs 167.10.
On NSE, shares of the company went up sharply by 6.7 per cent to close at Rs 165.40.
In terms of equity volume, 9.06 lakh shares of the company were traded on BSE and over 87 lakh shares changed hands on NSE during the day.
Balrampur Chini Mills Ltd today reported 8 per cent increase in its net profit at Rs 119.78 crore for the quarter ended June.

Its net profit stood at Rs 110.70 crore in the year-ago period, the company said in a regulatory filing.
The revenue rose by 37 per cent to Rs 1,136.45 crore during the first quarter of this fiscal from Rs 826.83 crore in the corresponding period of the previous year.