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Language , Updated: Aug 9, 2022, 9:02 PM
Mumbai, Aug 9 (PTI) Wilmar Sugar Holdings Pvt Ltd Singapore subsidiary Shree Renuka Sugars narrowed its consolidated loss to Rs 113.9 crore for the quarter ended June. Shree Renuka Sugars gave this knowledge to the inventory exchanges. Due to this, the corporate had a lack of Rs 241 crore in the similar quarter of the former monetary 12 months. However, the corporate’s working source of revenue virtually doubled to Rs 1,953 crore all over the quarter beneath evaluate as in opposition to Rs 829.5 crore within the year-ago length.
Shree Renuka Sugars gave this knowledge to the inventory exchanges. Due to this, the corporate had a lack of Rs 241 crore in the similar quarter of the former monetary 12 months.
However, the corporate’s working source of revenue virtually doubled to Rs 1,953 crore all over the quarter beneath evaluate from Rs 829.5 crore within the year-ago length.
Atul Chaturvedi, Executive Chairman, Shree Renuka Sugars, mentioned, “This quarter’s effects will have to be seen within the mild of world inflation, upper rates of interest, upper crude oil costs and a weaker foreign money. Commodity markets are very unstable, forcing the federal government to hotel to export restrictions.
“With the onset of fine monsoon within the nation, we predict higher availability of sugarcane within the coming season (October-September) additionally.
