In terms of verticals, the sugar segment and the power segment saw a sharp fall in revenues on yoy basis. However, the ethanol and chemicals business of Dhampur showed growth of nearly 60% revenues on yoy basis.
Net profit for Jun-21 quarter was down -20.47% at Rs43.59cr. The fall in net profits was due to sharp fall in the EBIT from sugar business due to seasonal factors. EBIT of the power business was also lower by 20% on a yoy basis.
However, the ethanol business saw sharp growth of 62% to become biggest contributor to EBIT in the quarter. Net margins for Jun-21 quarter stood at 4.95% against 4.99% in Jun-20 quarter and 8.56% in Mar-21 quarter. Dhampur will demerge Asmoli, Mansurpur and Meerganj units into Dhampur Bio organics.
Financial highlights for Jun-21 compared yoy and sequentially
| Dhampur Sugar Mills | |||||
| Rs in Crore | Jun-21 | Jun-20 | YOY | Mar-21 | QOQ |
| Total Income (Rs cr) | ₹ 880.28 | ₹ 1,098.67 | -19.88% | ₹ 1,068.11 | -17.59% |
| Net Profit (Rs cr) | ₹ 43.59 | ₹ 54.81 | -20.47% | ₹ 91.45 | -52.33% |
| Diluted EPS (Rs) | ₹ 6.57 | ₹ 8.26 | ₹ 13.77 | ||
| Net Margins | 4.95% | 4.99% | 8.56% |
The above news was originally posted on www.indiainfoline.com
