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Shree Renuka Sugars Q3 net down 65% on high cost, inventory pile-up

Source The Hindu Businessline

Posted on February 14, 2023

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Shree Renuka Sugars, a subsidiary of Wilmar Sugar Holdings, has reported 65 per cent drop in its December-quarter net profit at ₹15 crore against ₹43 crore logged in the same period last year, due to high cost and inventory pile up.

Revenue from operations increased to ₹2,552 crore (₹2,006 crore). Overall expenses jumped to ₹2,548 crore.

For More Details Visit: https://www.thehindubusinessline.com/economy/agri-business/shree-renuka-sugars-q3-net-down-65-on-high-cost-inventory-pile-up/article66507050.ece