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Our Bureau

Kolkata, Aug 1

Bajaj Hindustan Sugar & Industries Ltd (BHSIL), which was formerly known as The Pratappur Sugar & Industries Ltd and now a subsidiary of Bajaj Hindustan Ltd, has returned to the black in the first quarter of 2006-07. Against a net loss of Rs 2.02 crore reported during April-June 2005, the company registered a net profit of Rs 15 lakh in the last quarter. Net sales of the company increased to Rs 21.07 crore from Rs 17.41 crore. The company also decided to change its financial accounting year from April-March to October-September. So, at present, it would be closing its accounts for a six-month period ending in September 30. BHSIL is also implementing a stock split. The existing face value of the shares are Rs 10 and it would be reduced to Re 1. The record date for this activity has been fixed on August 7.

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