Distilleries company BCL Industries has released its December quarter earnings. The company reported a rise of 4 per cent in the net profit to Rs 25.16 crore in the October-December quarter of FY23 on account of higher income. The net profit in the corresponding period last fiscal stood at Rs 24.22 crore.

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The total income of one of the largest agro-based industries in the country stood at Rs 450.43 crore in the third quarter as against Rs 566.59 crore in the same quarter a year ago.

The company's total expenses declined to Rs 417.09 crore in the quarter under review, compared to Rs 534.88 crore in December FY22.

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In the first 9 months of FY23, the company's net profit declined to Rs 48.65 crore from Rs 62.19 crore in the same period of FY22.

Shares of BCL Industries have yielded a positive return of around 25 per cent in 2023 so far. It has, however, declined nearly 9 per cent i the past one year. In the last 5 years, the scrip has delivered a massive 231 per cent return. The stock's 52-week range is Rs 530 - Rs 278.65.

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