Mawana Sugars's net income down to Rs 336.4 cr in Q2; net loss at Rs 18.05 cr

Mawana Sugars's net income down to Rs 336.4 cr in Q2; net loss at Rs 18.05 cr

AgenciesUpdated: Friday, November 12, 2021, 06:34 PM IST
article-image
Mawana Sugars has reported a net loss of Rs 28.58 crore in the same quarter previous fiscal / Representational Image |

Mawana Sugars on Friday posted a consolidated net loss of Rs 18.05 crore in the second quarter of the 2021-22 fiscal on lower income. The company has reported a net loss of Rs 28.58 crore in the same quarter previous fiscal, according to a regulatory filing.

Net income declined on a consolidated basis to Rs 336.4 crore in the second quarter of the 2021-22 fiscal from Rs 369.6 crore in the year-ago period. Expenses remained lower at Rs 356.7 crore as against Rs 402.3 crore in the said period.

Mawana Sugars said its board has approved setting up of a sub-committee to deal and take appropriate decisions on matters relating to unlocking the values in its operating sugar unit Mawana Sugar Works located at Mawana district in Uttar Pradesh.

Shares of the company were trading down 1.93 per cent at Rs 84 a piece on the BSE at 15.22 hours.

(With inputs from PTI)

RECENT STORIES

Glen Industries IPO To Open On Jul 8; Fixes Issue Price Band At ₹92-97/ Share

Glen Industries IPO To Open On Jul 8; Fixes Issue Price Band At ₹92-97/ Share

Gold Falls ₹550 To ₹98,570/10 Grams Amid Muted Global Demand

Gold Falls ₹550 To ₹98,570/10 Grams Amid Muted Global Demand

LIC Launches Two New Insurance Plans, Nav Jeevan Shree & Nav Jeevan Shree Single Premium Offer...

LIC Launches Two New Insurance Plans, Nav Jeevan Shree & Nav Jeevan Shree Single Premium Offer...

Travel Food Services IPO opens for subscription

Travel Food Services IPO opens for subscription

Will The PM-Kisan 20th Installment Be Released On July 18? Here's Why Farmers Think So

Will The PM-Kisan 20th Installment Be Released On July 18? Here's Why Farmers Think So