Q2 Results: BCL Industries net profit rises 64%

Q2 Results: Recycling player BCL Industries has announced its financial results for the July-September quarter. According to an exchange filing, the company's standalone net profit surged 64 per cent to Rs 21.01 crore in the second quarter of the financial year 2024-25 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.