Bajaj Hindusthan Q2 profit rises 89%

Bajaj Hindusthan Q2 profit rises 89%
PTI
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First Published: Thu, Apr 23 2009. 02 04 PM IST
Updated: Thu, Apr 23 2009. 02 04 PM IST
Mumbai: Sugar maker Bajaj Hindusthan on Thursday said it has reported 89.15% jump in net profit at Rs81.39 crore for the second quarter ended March 2009.
The firm had a net profit of Rs43.03 crore in the March quarter of last fiscal, Bajaj Hindusthan said in a filing to the Bombay Stock Exchange (BSE).
Total income during the quarter rose 3.16% to Rs515.83 crore, from Rs500.04 crore in the corresponding period last fiscal.
The sugar firm said it has incurred foreign exchange losses to the tune of Rs30.46 crore during quarter against a forex gain of Rs15.45 crore in the year-ago period.
For the six months ended March 2009, Bajaj Hindusthan reported a net profit of Rs25.45 crore, a 65% dip over the year-ago period. The firm had a net profit of Rs72.70 crore in the six-months ending March 2008.
Total income in the six-month period rose to Rs878.18 crore, up 3% over the same period last fiscal.
In a separate filing to the BSE, the company said Rakesh Bhartia has resigned as a director from the board of the company, with effect Wednesday.
Shares of Bajaj Hindusthan were trading at Rs73.90, down 1% in the afternoon trade on the BSE.
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First Published: Thu, Apr 23 2009. 02 04 PM IST