Ethanol stock under ₹30 fall 5% after reporting ₹100 Cr loss against ₹20.3 Cr profit previous yearEthanol stock under ₹30 fall 5% after reporting ₹100 Cr loss against ₹20.3 Cr profit previous year

Introduction:

Ethanol stock trading under ₹30 reported weak financial results for Q3 FY24, with revenue falling 15.2% YoY. It posted a ₹102.20 crore loss, reversing from a ₹20.3 crore profit last year, impacted by declining sales, rising costs, and industry challenges.

Share Price movement of Bajaj Hindusthan Sugar:

On February 12, 2025, Bajaj Hindusthan Sugar Limited opened at ₹24.86, reaching a high of ₹24.86 and a low of ₹23.36, down 5% from its previous close of ₹24.91. Currently, it is trading at ₹23.86, with a market cap of ₹3,047.78 crore.

Bajaj Hindusthan Sugar Q3 Results:

Bajaj Hindusthan Sugar reported a sharp decline in financial performance for the quarter ending December 31, 2024, compared to the same period last year. Revenue from operations fell by 15.2% from ₹1,740.63 crore to ₹1,475.75 crore. Total income also dropped by 15.3% to ₹1,476.89 crore, reflecting weaker sales and lower other income.  

Total expenses decreased marginally by 8.5% to ₹1,578.60 crore, but higher finance costs and employee expenses impacted profitability. The company reported a net loss of ₹101.84 crore from continuing operations, a stark contrast to the ₹20.08 crore profit posted in December 2023. This represents a 606.9% decline in net profitability, highlighting severe operational challenges.  

Overall, Bajaj Hindusthan Sugar posted a total loss of ₹102.20 crore, including discontinued operations, compared to a profit of ₹20.3 crore last year. This reversal is attributed to declining revenue, higher costs, and adverse industry conditions, significantly impacting the company’s bottom line.

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Stock performance of Bajaj Hindusthan Sugar for Period of 1 week, 6 months and 1 year:

Bajaj Hindusthan Sugar’s stock has faced significant declines over multiple periods. In the past week, it dropped by 8.39%. Over the last six months, it fell sharply by 37.1%. Over the past year, the stock recorded a steep decline of 30.2%, reflecting persistent weakness.

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Shareholding pattern of Bajaj Hindusthan Sugar:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	24.95	24.95	24.95
FII	3.41	4.32	2.63
DII	8.08	8.14	8.43
Retail & others	63.56	62.6	63.98

About Bajaj Hindusthan Sugar:

Bajaj Hindusthan Sugar is one of India’s largest sugar producers and a key player in the ethanol industry. The company operates multiple sugar mills and distilleries, supplying sugar, ethanol, and power while contributing to India’s biofuel and renewable energy initiatives.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.