India's Balrampur Chini drops on quarterly profit slump

Balrampur Chini Mills

07/02/2025 09:42

** Shares of Balrampur Chini Mills  BACH.NS  drop 4.6% to
453.25 rupees
    ** Sugar producer reports 23% Y/Y fall in third-quarter
profit, rev from ops down 3%
    ** Co reports loss of 85.3 mln rupees in its second-biggest
business, distillery, compared to year-ago profit of 351 mln
rupees
    ** Avg rating of seven analysts on BACH at "strong buy";
median PT is 682 rupees - LSEG data
    ** Stock gained 29% in 2024

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))