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.
