Renuka Sugars Q4 standalone net profit at Rs 4.3 cr

The company had posted a net loss of Rs 88 cr in the same period last year

Shree Renuka Sugars today reported a standalone net profit of Rs 4.3 crore during the quarter ended March 31.

The company had posted a net loss of Rs 88.3 crore in the same period last year, it said in a BSE filing.

Net sales declined to Rs 1,683.6 crore during the fourth quarter of the 2014-15 fiscal from Rs 1,859 crore in the corresponding period of the previous year.

Finance cost remained lower at Rs 82.1 crore as against 106.6 crore in the said period. Its expenditure was lower at Rs 1,551.9 crore in the fourth quarter of 2014-15 fiscal as against 1,797.2 crore in the same period previous year.

During the full 2014-15 fiscal, Renuka Sugars posted a consolidated net loss of Rs 1,812.9 crore. It had a net loss of Rs 1,478 crore in the previous year.

Total income declined to Rs 10,134 crore last fiscal from Rs 11,611.6 crore in the previous year.

Renuka Sugars operates 11 mills globally, with a total crushing capacity of 20.7 million tonnes per annum (MTPA) or 94,520 tonnes 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. Its share price rose 0.53 per cent to settle at Rs 11.29 per piece on BSE.