Distilleries company BCL Industries has announced its December quarter earnings. The company reported a rise of 4 per cent in the net profit to Rs 25.16 crore in the October-December quarter of FY23 on account of higher income. The net profit in the corresponding period last fiscal stood at Rs 24.22 crore.
The total income of one of the largest agro-based industries in the country stood at Rs 450.43 crore in the third quarter as against Rs 566.59 crore in the same quarter a year ago.
The company’s total expenses declined to Rs 417.09 crore in the quarter under review, compared to Rs 534.88 crore in December FY22.
In the first 9 months of FY23, the company’s net profit declined to Rs 48.65 crore from Rs 62.19 crore in the same period of FY22.
Shares of BCL Industries have yielded a positive return of around 25 per cent in 2023 so far. It has, however, declined nearly 9 per cent i the past one year. In the last 5 years, the scrip has delivered a massive 231 per cent return. The stock’s 52-week range is Rs 530 – Rs 278.65.
