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HomeIndustry & UpdatesDalmia Bharat Sugar Q1 net profit up 139% sequentially but lower marginally...

Dalmia Bharat Sugar Q1 net profit up 139% sequentially but lower marginally on yoy basis due to seasonality

Dalmia Bharat Sugar Ltd reported -7.14% fall in total sales revenues for the Jun-21 quarter on consolidated basis at Rs818.57cr

Dalmia Bharat Sugar Ltd reported -7.14% fall in total sales revenues for the Jun-21 quarter on consolidated basis at Rs818.57cr. On a sequential basis, revenues were up 67.47% compared to Rs488.80cr revenues in Mar-21 quarter.


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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The above news was originally posted on www.indiainfoline.com

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