New Delhi, Bajaj Hindustan Sugar on Friday reported a 31 per cent decline in consolidated net profit at Rs 90.56 crore during the fourth quarter of FY 2023-24 due to lower income.

According to regulatory filings, net profit was Rs 130.91 crore in the same quarter last financial year.

Total income declined to Rs 1,870.27 crore during the January-March quarter of fiscal 2023-24, compared to Rs 2,053.87 crore in the year-ago period.

However, the expenditure during the said period declined to Rs 1,792.31 crore as against Rs 1,931.7 crore. For the full 2023-24 financial year, the company reported that its consolidated net loss narrowed to Rs 86.82 crore from Rs 134.74 crore last year.

Total income in the SAI period fell to Rs 6,146.33 crore as against Rs 6,360.3 crore.

Uttar Pradesh-based Bajaj Hindustan said the board has not recommended a dividend for the 2023-24 financial year.

The company has six subsidiaries which include Bajaj Aviation, Bajaj Power Generation, Phenyl Sugars.