Dalmia Bharat Sugar Ltd reported -7.14% fall in total sales revenues for the Jun-21 quarter on consolidated basis at Rs818.57cr
Sugar has a separate sugar cycle year extending from October to September and quarters are not comparable due to cyclical nature of business. For the Jun-21 quarter, the revenues from all the 3 verticals of sugar, power and distillery were lower on yoy basis. Power production peaked in Mar-21 quarter.
Net profit for the Jun-21 quarter was sequentially up 139% but marginally lower by -1.21% on yoy basis. This is largely on account of the seasonality of sugar and also due to the delays in the current year on export commitments and the export subsidy given by government.
On sequential basis, the net profits were higher by 139.76% once again due to the impact of favourable sales resulting in better absorption of fixed costs. Net margins for Jun-21 quarter stood at 15.19% against 14.28% in Jun-20 quarter and 10.61% in Mar-21 quarter.
Financial highlights for Jun-21 compared yoy and sequentially
Dalmia Bharat | |||||
Rs in Crore | Jun-21 | Jun-20 | YOY | Mar-21 | QOQ |
Total Income (Rs cr) | ₹ 818.57 | ₹ 881.51 | -7.14% | ₹ 488.80 | 67.47% |
Net Profit (Rs cr) | ₹ 124.34 | ₹ 125.86 | -1.21% | ₹ 51.86 | 139.76% |
Diluted EPS (Rs) | ₹ 15.36 | ₹ 15.55 | ₹ 6.41 | ||
Net Margins | 15.19% | 14.28% | 10.61% |
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