Bajaj Hindusthan Sugar Q4 Net Profit Declines 31% to Rs 91 Crore; FY24 Posts Rs 87 Crore Loss

Bajaj Hindusthan Sugar saw a 31% decline in Q4 net profit to Rs 90.56 crore, with a net loss of Rs 86.92 crore for the fiscal year 2023-24. The company's total income decreased for both the quarter and the year.

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.

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