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HomeSugarcane DepartmentIndia's Dalmia Bharat Sugar doubles Q4 profit on higher sales

India’s Dalmia Bharat Sugar doubles Q4 profit on higher sales

 India’s Dalmia Bharat Sugar and Industries Ltd (DLMI.NS) on Friday said its fourth-quarter profit nearly doubled, aided by higher sales in their sugar and distillery segments.

The sugar manufacturer’s net profit from continuing operations rose to 1.25 billion Indian rupees ($15.28 million) in the quarter ended March 31 from 627.2 million rupees.

Revenue from operations rose nearly 35.8% to 11.49 billion rupees, as export volumes for sugar went up and ethanol prices spiked.

The above news was originally posted on news.google.com

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