BCL Industries, a distilleries company, witnessed a 5 percent rise in its net profit during the first quarter on a year-on-year (YoY) basis, reported Zee Bussiness.
The company’s net profit for this quarter reached Rs 18.6 crore, compared to Rs 17.8 crore in the same quarter of the previous fiscal year.
Additionally, the firm’s total income experienced a substantial increase of 14.1 percent YoY, amounting to Rs 429 crore. Alongside this growth, the company’s margin expanded from 7.9 percent to 9.3 percent.
In an interview with Zee Business, Kushal Mittal, the Joint Managing Director of BCL Industries, highlighted that the primary driver behind the growth was the subsidiary company Svaksha Distillery. The plant located in Kharagpur demonstrated strong capacity utilization, which significantly contributed to the overall positive performance.
