During the ongoing period of financial developments, Bajaj Hindusthan Sugar Ltd disclosed their financial outcomes today for both the fourth quarter and fiscal year concluding on March 31, 2023.
In comparison to the same quarter last year, the company’s net profit for the fourth quarter which ended on March 31, 2023, increased by 119.21% to Rs 130.91 crore from Rs 59.72 crore. In Q4FY23, the company’s total net revenue increased by 52.87% from Rs 1641.34 crore to Rs 2059.10 crore in a similar quarter the year prior.
In comparison to the last quarter, the company’s net profit for the fourth quarter, increased by 324.31% from a net loss of Rs 58.36 crore to a profit of Rs 130.91 crore. In a similar period, the company’s total revenue increased from Rs 1433.54 crore to Rs 2059.10 crore.
The company reported an increase in net revenue by 16.42% for the year ended March 31, 2023, from Rs 5607.56 crore to Rs 6360.34 crore. When compared to the year ended March 31, 2022, the company’s net loss decreased from Rs 267.54 crore to Rs 134.73.
In the last trading session, the scrip was closed at Rs 13.82. Today it opened at Rs 13.83 and closed at Rs 15.33, up by 10.93% so far 99,48,516 shares were traded over the counter at BSE. The BSE group ‘A’ stock has a market cap of around Rs 1950 crore. It had a 52-week high of Rs 20.16 and a 52-week low of Rs 8.37.
Bajaj Hindusthan Sugar Ltd, based in Uttar Pradesh, India, operates fourteen sugar plants with a total crushing capacity of 136,000 tcd. It is India’s largest ethanol producer, with a current capacity of 38 million litres per year, set to increase to 218 million litres. The company generates 430 MW of power from bagasse, with a surplus of 105 MW supplied to the state grid. Additionally, BHL is expanding its power capacity by 450 MW and developing two thermal power projects of 1,980 MW each.