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Shree Renuka Sugars today posted net loss of Rs 6.36 crore for the first quarter ended June 30 this year due to higher expenses.
The company had clocked net profit of Rs 1.33 crore in the April-June quarter of 2012-13 fiscal.
Total income increased by 31% in the first quarter to Rs 193.74 crore of the current fiscal from Rs 148.39 crore in the last fiscal, the company said in a filing to BSE.
The company reported loss as its total expenses increased to Rs 192.85 crore from Rs 134.18 crore during the period under review.
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.
The stock of the company fell 0.88% to settle at Rs 16.90 per piece on BSE.
