Bajaj Hindusthan, the country's largest sugar manufacturing firm, today said it has posted a consolidated net loss of Rs 197.62 crore in the financial year ended September 2008.
The company had a consolidated net loss of Rs 4.01 crore last year, Bajaj Hindusthan said in a filing to the Bombay Stock Exchange.
The total income rose to Rs 2,120.26 crore in FY08 from Rs 1,812.86 crore in the last fiscal.
Besides, the board has declared a dividend of 60 per cent at the rate of 60 paise on shares of face value of Re one for 2007-08.
On a standalone basis, Bajaj Hindusthan registered a net loss of Rs 87.46 crore for the fourth quarter ended September 30, 2008, while the company had posted a net profit of Rs 90.54 crore in the same quarter last year.
The company's total income rose to Rs 476.97 crore in the same quarter, from Rs 427.35 crore in the year-ago period.
Shares of Bajaj Hindusthan were trading at Rs 61.50, down 1.68 per cent on the BSE.
