Ruchi Soya has posted a net profit of Rs 6.29 crore for the third quarter of the 2018-19 fiscal. In the same quarter of the previous fiscal, the company had reported a net loss of Rs 1,956.59 crore.
Ruchi Soya’s total income grew marginally to Rs 3,500.07 crore during October-December 2018 as compared to Rs 3,049.94 crore in the year-ago period. Finance cost remained lower at Rs 1.77 crore from Rs 323.31 crore earlier.
After commencement of the insolvency proceedings in December 2017, Ruchi Soya has not recognised interest payable worth Rs 345.61 crore for the 2017-18 fiscal and Rs 1,165.89 crore for nine months of the 2018-19.
Adani Wilmar, selling cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya. The company has a total debt of about Rs 12,000 crore.
Ruchi Soya’s leading brands include Nutrela, Mahakosh, Sunrich, Ruchi Star and Ruchi Gold.
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