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

06:34 PM Nov 12, 2021 | Agencies

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.

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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.

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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)

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