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

Quick Summary:

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.

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 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.

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Category: BusinessFinance

Markets: India

Topics: Corporate earnings Policy Q2 Debt clearance Q2 results Bajaj Hindustan Sugar

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Article Type: News Report

Published On: 2024-11-08 @ 15:37:03 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 319 words

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