BCL Industries Q2 Profit Surges 64% to Rs 21 cr

Oct 29, 2024 19:44

BCL Industries reported a 64% rise in standalone net profit to Rs 21.01 crore for the September quarter on account of higher income. The company's total income also rose to Rs 533.84 crore.

New Delhi, Oct 29 (PTI) Recycling player BCL Industries on Tuesday reported a 64 per cent rise in standalone net profit to Rs 21.01 crore for the September quarter on account of higher income.

It had posted a loss of Rs 12.83 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing.

During the second quarter, the company's total income also rose to Rs 533.84 crore from Rs 368.62 crore a year ago, a rise of 44 per cent year-on-year.

To diversify its business, BCL Industries is investing Rs 350 crore to set up a biogas plant and a distillery in Haryana.

Source: PTI

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BCL Industries Q2 Profit Surges 64% to Rs 21 cr

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