Distilleries major BCL Industries revenue from operations up around 20%

Distilleries company BCL Industries has announced its third-quarter earnings for the financial year 2023-24. According to a regulatory filing, the company's consolidated revenue from operations surged around 20 per cent to Rs 644.18 crore on a year-on-year basis. The distilleries major registered revenue of Rs 533.91 crore for the corresponding period a year ago.

BCL Industries Limited has said that in the quarter ended December 31, 2023, its profit before tax (PBT) stood at Rs 37.50 crore, which was Rs 30.32 crore in the previous quarter and Rs 30.02 crore in the corresponding quarter of the last financial year. 

BCL Industries said that its profit after tax (PAT) in the third quarter of the current financial year stood at Rs 32.78 crore, which was Rs 22.82 in the Q3 FY23. 

Meanwhile, benchmark Sensex plunged by 523 points on Monday due to profit-taking in metal and banking shares amid mixed trends in global markets.

The 30-share BSE Sensex settled 523 points or 0.73 per cent lower at 71,072.49 as 22 of its components closed in the red and eight in the green. The barometer opened higher and touched a high of 71,756.58 in early trade.

The broader NSE Nifty also closed 166.45 points or 0.76 per cent lower at 21,616.05 with 34 of its constituents ending in the red.
Metal, banking and select oil shares succumbed to selling while pharma and IT shares bucked the trend.