BCL Industries Reports Significant Profit Increase Amidst Expansion Plans

BCL Industries recorded a 64% rise in standalone net profit for the September quarter, reaching Rs 21.01 crore. This marks a recovery from a previous Rs 12.83 crore loss in the July-September period. The company plans a Rs 350 crore investment in a biogas plant and distillery.

BCL Industries has announced a substantial improvement in its financial performance, with a 64% increase in standalone net profit for the September quarter, reaching Rs 21.01 crore. This turnaround follows a Rs 12.83 crore loss recorded in the same quarter of the previous fiscal year.

The company's total income also witnessed a significant boost, rising to Rs 533.84 crore, a 44% increase compared to Rs 368.62 crore recorded a year ago. This growth underlines the company's enhanced financial health and strategic direction.

In a bid to diversify its business portfolio, BCL Industries has revealed plans to invest Rs 350 crore in establishing a biogas plant and a distillery in Haryana, demonstrating its commitment to sustainable energy solutions and market diversification.

(With inputs from agencies.)