Revenue from operations fell by 5.3% YoY to Rs 1,080.08 crore during the quarter. Total expenses increased by 2.8% to Rs 1,077.73 crore in Q1 FY23 over Q1 FY22. Share of profit of associates contracted by 80.3% to Rs 1 crore in the first quarter from Rs 5.06 crore recorded in the same period last year. Profit before tax in Q1 FY23 stood at Rs 17.86 crore, down by 82.5% from Rs 101.91 crore in Q1 FY22. Balrampur Chini Mills is one of the largest sugar producers in India. The operations of the company are forward integrated, manufacturing alcohol (using molasses, a byproduct of sugar) and power (using cogeneration from bagasse, another byproduct of sugar manufacturing). Powered by Capital Market – Live News
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