Dalmia Bharat Sugar Q1 net profit rises 24.50% at ₹61.34 crore
₹61.34 crore for the first quarter ended June 30, 2023 of fiscal year 2024. The company had reported a profit of ₹49.27 crore in the same quarter of fiscal year 2023.
Total income declined 9.50% in the June quarter of FY24 at ₹843.04 crore as compared to ₹931.55 crore a year ago, Dalmia Bharat Sugar said in an exchange filing. The company reported EPS of ₹7.58 for the period ended June 30, 2023 as compared to ₹6.09 for the same period last year.
Shares of Dalmia Bharat Sugar and Industries Limited on Tuesday closed at ₹380, down 0.11%, on the NSE. In the fourth quarter of fiscal year 2023, Dalmia Bharat Sugar’s profit nearly doubled, aided by higher sales in their sugar and distillery segments.
The sugar manufacturer's net profit from continuing operations rose to ₹125 crore in the quarter ended March 31 from ₹62.72 crore. Fourth quarter revenue from operations rose nearly 35.8% to ₹1,149 crore, as export volumes for sugar went up and ethanol prices spiked.
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