'Bajaj shall be relieved from the services of the company at close of business hours on 31 July 2024.
Magadh Sugar & Energy is having three sugar mills at New Swadeshi Sugar Mills, Narkatiaganj (District West Champaran, Bihar), Bharat Sugar Mills (District Sidhwalia, Bihar), Hansanpur Sugar Mills, Hasanpur (District Samastipur, Bihar) with a combined crushing capacity of 19,000 TCD.
The company’s net profit increased 33.8% to Rs 46.88 crore in Q4 FY24 as against Rs 35.05 crore posted in Q4 FY23. Net sales declined 3.5% YoY to Rs 288.12 crore in March 2024 quarter.
The scrip declined 4.84% to close at Rs 778.45 on Thursday, 25 July 2024.
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