Bajaj Hindusthan's nine month net profit rises 80 pc to Rs 152.6 cr

Mumbai, July 21 (UNI) Bajaj Hindusthan Ltd (BHL), manufacturer of sugar and ethanol company today reported an increase of 80 per cent to Rs 152.6 crore in its net profit for the nine months ended June 30, 2006, as against Rs 84.6 crore for the corresponding period last year.

The gross turnover for nine months ended on June 2006, increased by 94 per cent to Rs 1,164.8 crore from Rs 599.1 crore in the corresponding period last year, accoridng to a BHL release issued here.

For the third quarter ended June 2006, the net profit increased by 21 per cent to Rs 63.9 crore as against Rs 53 crore for the corresponding quarter last year. Gross turnover during this period rose by 22 per cent to Rs 449.2 crore compared to Rs 366.9 crore for the corresponding quarter last year.

The company's Chief Executive Kushagra Nayan Bajaj said, ''The company achieved a record production of over 75 lakh bags during the sugar season 2005-06 as against around 43 lakh bags during the previous season, creating a new benchmark in the Indian sugar industry.'' UNI AR MJ SKB1733