Sour Q3 for Oudh Sugar, net dips 35%

Sour Q3 for Oudh Sugar, net dips 35%
PTI
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First Published: Mon, Apr 20 2009. 03 03 PM IST
Updated: Mon, Apr 20 2009. 03 03 PM IST
Mumbai: Oudh Sugar Mills on Monday said its net profit fell by 35.13% in the third quarter ended 31 March 2009, to Rs10.82 crore over the corresponding period a year ago.
The company had a net profit of Rs16.68 crore in the March quarter last year, Oudh Sugar Mills said in a filing to the Bombay Stock Exchange.
However, net sales of the sugar producer grew to Rs104.83 crore in the third quarter of the current fiscal from Rs89.93 crore a year ago.
For the nine-month period ended 31 March 2009, Oudh Sugar Mills posted a net profit of Rs17.50 crore, while it had a net loss of Rs1.51 crore in the same period last year.
Shares of Oudh Sugar Mills were trading at Rs48, down 4.48% in the afternoon trade on the BSE.
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First Published: Mon, Apr 20 2009. 03 03 PM IST