Shree Renuka Sugars logs Rs 7.7 cr profit in July-September quarter

NEW DELHI: Shree Renuka Sugars today said it has reported a standalone net profit of Rs 7.7 crore for the quarter ended September 30, 2012

The company had posted a net loss of Rs 57.3 crore in the year-ago period, it said in a filing to the BSE.

Renuka Sugars' net sales rose marginally by 2 per cent to Rs 1,154.4 crore in the second quarter this fiscal from Rs 1,127.3 crore in the same quarter of 2011-12 fiscal.

The total expenditure of the company fell to Rs 1,090.2 crore in the July-September quarter of 2012-13 fiscal from Rs 1,098.6 crore in the same quarter last fiscal.

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 with expected capacity of 1.7 MTPA.

Shares of the company declined by 1.10 per cent to settle at Rs 31.45 apiece from previous close at BSE.