Bajaj Hindusthan Sugar

Bajaj Hindustan Sugar Q2 result: Loss narrows to Rs 76 cr on lower expenses

Bajaj Hindustan Sugar, on Friday reported narrowing of consolidated loss to Rs 76.17 crore for September quarter, helped by lower expenses and complete repayment of sustainable debt. The country's largest integrated sugar producer, which accounts for 14 per cent of Uttar Pradesh's cane crushing, incurred a loss of Rs 122.59 crore a year ago. Revenue in the quarter remained stable at Rs 1,163.26 crore. Total expenses fell to Rs 1,238.95 crore from Rs 1,286.18 crore, according to a regulatory filing. Despite positive EBITDA, the company faced operational challenges including lower sugarcane availability, under-capacity utilization, and reduced by-product production, primarily due to delayed cane payments to farmers. "The debt clearance has significantly reduced our finance costs, improving liquidity for cane payments and development activities," the company said. The outlook appears brighter as the government considers raising the minimum sugar selling price to Rs 39-40 per kg from

Bajaj Hindusthan Sugar Q4 results: Net profit falls 31% to Rs 91 crore

Bajaj Hindusthan Sugar Ltd on Friday reported a 31 per cent fall in its consolidated net profit to Rs 90.56 crore for the fourth quarter ended March 2024. Its net profit stood at Rs 130.91 crore in the year-ago period. Its total income declined to Rs 1,874.77 crore in the fourth quarter of the last fiscal from Rs 2,059.10 crore in the corresponding period of the preceding year, according to a regulatory filing. In 2023-24, the company's net loss narrowed to Rs 86.92 crore against Rs 134.74 crore in the preceding year. Its total income fell to Rs 6,146.33 crore in the last fiscal from Rs 6,360.34 crore in 2022-23.

ISMA demands diversion of additional 1-1.2 mn tonnes sugar to make ethanol

Indian Sugar Mills Association (ISMA) on Tuesday said it has requested the government to permit diversion of additional 10-12 lakh tonnes of sugar for ethanol production in the current season, amid reports of higher output. The government has capped sugar diversion for ethanol making at 17 lakh tonnes for the current 2023-24 season (October-September) in view of likely fall in sugar production due to drought in parts of Maharashtra and Karnataka. Till January 15 of the ongoing season, ISMA said mills have manufactured 149.52 lakh tonnes of the sweetener, down by 5.28 per cent from 157.87 lakh tonnes in the year-ago period. However, as per reports, recent weather has been favourable for the standing cane crop and cane commissioners of major states like Uttar Pradesh, Maharashtra and Karnataka have done upward revision in their sugar production estimates for 2023-24 SS to the tune of 5-10 per cent each," ISMA said in a statement. "We also believe that sugar production in the current

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NCLT relief to help Bajaj Hindusthan focus on expansion, growth plans

Sources said the plans, which were on hold due to the NCLT proceedings, will now be restarted with renewed vigour

NCLT has considered SBI petition for withdrawal: Bajaj Hindusthan Sugar

The company owed banks around Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders

Bajaj Hindusthan Sugar net loss at Rs 75 cr in Q1 on lower revenue

Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 74.69 crore in the June quarter on lower revenue. The company had posted a net loss of Rs 44.91 crore in the year-ago period. Total income fell to Rs 1,363.36 crore in the April-June period of 2023-24 fiscal from Rs 1,537.71 crore in the corresponding period of FY23. Bajaj Hindusthan Sugar Ltd is India's leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), the company has 14 sugar plants, all located in Uttar Pradesh. The plants have an aggregate sugarcane crushing capacity of 1,36,000 tonnes crushed per day and alcohol distillation capacity of 800 kilolitres per day.

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Bajaj Hindusthan Sugar posts net loss of Rs 58.36 crore in December quarter

Sugar major Bajaj Hindusthan Sugar Ltd on Monday reported a consolidated net loss of Rs 58.36 crore in the third quarter of this fiscal year on higher expenses. Its net loss stood at Rs 164.53 crore in the year-ago period. Total income rose to Rs 1,433.54 crore in the October-December quarter of 2022-23 financial year from Rs 1,261.33 crore in the corresponding period of the previous year, the company said in a regulatory filing. Bajaj Hindusthan Sugar posted a net loss of Rs 265.64 crore during the first three quarters of this fiscal year as against a net loss of Rs 327.26 crore in the year-ago period. Total income rose to Rs 4,301.24 crore during April-December period of this fiscal year from Rs 3,966.22 crore in the corresponding period of the previous year. Bajaj Hindusthan Sugar Ltd, which is part of the Bajaj Group (Kushagra), has 14 sugar plants, all located in Uttar Pradesh. The plants have an aggregate sugarcane crushing capacity of 1,36,000 tonnes crushed per day and .

Bajaj Hindustan Sugar zooms 20% on payment of entire overdues

There are no overdues in our account and the account is fully regular with all the lenders as on date, the Bajaj Group company said.

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State Bank of India moves NCLT to recover dues from Bajaj Hindusthan Sugar

The sugar and ethanol producer owes nearly Rs 4,800 crore to banks

Not so sweet for UP sugar industry as giant Bajaj Hindusthan gets NPA tag

Bajaj Hindusthan badly needs money to shore up its operations but its NPA tag to make raising funds difficult

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Lenders tag Bajaj Hindusthan as NPA, debt recast plan under discussion

Bajaj Hindusthan has defaulted to banks, UP farmers; says restructuring proposal is in accordance with RBI circular of June 7, 2019

Sugar stocks trade weak in a firm market on reduction in export subsidy

The government reduced the export subsidy from Rs 5.85 / kg to Rs 4.0 / kg on any sugar contracted for export on or after May 20, 2021

Sugar stocks hit the sweet spot after govt okays Rs 3,500 cr export subsidy

Export subsidy announcement a positive but high valuation could restrict gains

Bajaj Hindusthan to sell 17.51% stake in group's power firm LPGCL

The company holds 1,54,39,900 shares of Rs 10 each, constituting 17.51 per cent of the paid-up capital of LPGCL

Panel approves Bajaj Hindusthan Sugar's debt recast

The promoters of Bajaj Hindusthan Sugar will cut their stakes to 15.43 per cent from 26.02 per cent by selling a part of their shareholdings to the lenders

JLF to take Bajaj Hindusthan Sugar's loan account to S4A

Company says proposal for sale of its co-generation power business has been shelved