Bajaj Hindusthan8217;s Q2 net down

The company8217;s total income,however,grew by 22 per cent to Rs 631.95 crore during January-March 2010 compared to Rs 515.93 crore in the corresponding period of previous fiscal,Bajaj Hindusthan said in a filing to the Bombay Stock Exchange BSE.

Bajaj Hindusthan,which has a sugarcane crushing capacity of 1.36 lakh tonnes per day,follows October-September period as financial year in line with country8217;s sugar season.

Sugar prices,which touched nearly Rs 50 a kg in January,have declined by about 30 per cent and is currently ruling at Rs 35 a kg in the national capital.

For the six month period ended March 2010,the company8217;s net profit jumped by more than four times to Rs 116.99 crore from Rs 25.45 crore in the year-ago period.

Total income increased to Rs 1,261.08 crore during October 2009-September 2010 period of the current fiscal from Rs 878.17 crore in the corresponding period of the previous fiscal.