Leading sugar refiner Shree Renuka Sugars today reported a standalone net loss of Rs 227.2 crore in the first quarter of this fiscal.
The company had posted a net loss of Rs 80.6 crore in the same period last year.
Total income, however, increased to Rs 1,550.5 crore in the April-June period of 2015-16 fiscal from Rs 1,157.8 crore in the year-ago period.
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The company's overall expenses increased to Rs 1,708.2 crore in the first quarter of this fiscal from Rs 1,197.8 crore in the year-ago period.
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.
Shares of the company fell by 1.11 per cent to settle at Rs 8.94 per piece on the BSE today.