FMCG Company BCL Industries Declares Q3 Results: Details Inside

BCL Industries Ltd is a small-cap FMCG company with a market cap of Rs 1,882 Cr. The company has released its financial statements for the quarter that ended on December 31, 2023.

BCL Industries' net profit jumped by 30.80% to Rs 30.62 crore in the quarter that ended in December 2023 from Rs 23.41 crore in the quarter that ended in December 2022. In the quarter under review, sales increased 16.55% to Rs 622.19 crore from Rs 533.85 crore in Q3FY23.

"Pursuant to the approval of Shareholders at Annual General Meeting of the Company held on 26th September 2023, each equity share of face value Rs.10/- per share was sub divided into equity share of face value of Rs.1/- per share from the record date i.e. 27th October 2023. Consequently basic and diluted earning have been computed for all the period presented in the quarterly results of the Company on the basis of new number of equity shares in accordance with the IND AS 33-Earning per share. Earnings as per old number of equity share of face value Rs. 10/- is disclosed separately," said BCL Industries in a statement.

One of the largest agro-processing manufacturing firms in India, BCL Industries Limited has a variety of vertical integrations and commercial ventures. BCL Industries Limited was founded in 1976 and has since grown rapidly, focusing on the industries of edible oils, rice milling, grain-based distillery, and real estate. A publicly traded company with operations in West Bengal and Punjab is BCL Industries Limited.