Balrampur Chini , one of largest sugar manufacturing companies in India, has reported a net loss of Rs 64 crore in the October-December quarter of FY12 as against profit of Rs 23.4 crore in the corresponding quarter of last fiscal and loss of Rs 39.4 crore in the previous quarter.
Net sales jumped nearly 25% to Rs 662 crore versus Rs 530.6 crore year-on-year.
The company disappointed the street with its bottomline numbers while topline was quite better than expectations; CNBC-TV18 poll saw profit after tax of Rs 18 crore and sales of Rs 590 crore.
Consumption of raw material increased 58.5% to Rs 807 crore from Rs 509 crore year-on-year. The company made provision of Rs 92 crore post SC decision as a raw material cost.
Source: www.moneycontrol.com
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