Renuka Sugars Q1 Loss Widens to Rs 227 Crore

New Delhi: Leading sugar refiner Shree Renuka Sugars on Thursday reported a standalone net loss of Rs 227.2 crore in the first quarter of this fiscal.

The company had posted a net loss of Rs 80.6 crore in the same period last year.

Total income, however, increased to Rs 1,550.5 crore in the April-June period of 2015-16 fiscal from Rs 1,157.8 crore in the year-ago period.

Barring ethanol segment, the company posted significant losses in sugar, co-generation and other businesses in the said period.

The company's overall expenses increased to Rs 1,708.2 crore in the first quarter of this fiscal from Rs 1,197.8 crore in the year-ago period.

Renuka Sugars operates 11 mills globally, with a total crushing capacity of 20.7 million tonnes per annum (MTPA) or 94,520 tonnes crushed per day (TCD).

The company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA, or 35,000 TCD, and two port-based sugar refineries.

Shares of the company fell by 1.11 per cent to settle at Rs 8.94 per piece on the BSE on Thursday.