Tuesday, June 18, 2019
Dalmia Bharat Sugar and Industries Limited Announced its Audited Results for the Quarter and Year Ended 31st March, 2019
  SocialTwist Tell-a-Friend  

NEW DELHI, May 20, 2019 /PRNewswire/ --

Dalmia Bharat Sugar and Industries Limited today announced its audited results for the quarter and year ended 31st March, 2019. Dalmia Bharat Sugar and Industries Limited today announced its audited results for the quarter and year ended 31st March, 2019.

(Logo: https://mma.prnewswire.com/media/889810/Dalmia_Sugar_Logo.jpg )

    Particulars              UOM      Q4'19   Q4'18   FY'19   FY'18
    Total Income          Rs.Crore       589     492   2,105   2,312
    Total Operating Cost  Rs.Crore       501     498   1,781   2,041
    EBITDA                Rs.Crore        88     (6)     324     271
    PAT                   Rs.Crore        46    (13)     187     134

    Sales Volume
    Sugar                '000 Tonne      143     114     531     524
    Distillery             '000 KL        18       7      50      30
    Cogen                 Cr Units     12.03   12.27   38.35   34.87

Financial Year's Performance

During the year, Jawaharpur distillery has been successfully expanded to 120 KLPD from 80 KLPD and Nigohi 60 KLPD distillery has been commissioned in the month of January 2019. With this the company will have optimum integrated capacities.

In sugar segment there is a slight dip in profitability on account of lower sugar prices as compared to the last year. Cogeneration segment profitability has improved on account of higher volumes. With enhanced capacities the company's distillery segment is a major growth driver with significant increase in profitability.

The Board of Directors has recommended a dividend of Rs. 1.60 per share of face value Rs. 2.00 each. The same is subject to approval of the shareholders in the Annual General Meeting.

Outlook of Sugar Industry:

India sugar production is estimated at record level of 330 LMT for the current season and consequently the industry is beset with highest ever inventory. This would continue to put pressure on the sugar prices.

The Central and State Governments have taken several proactive measures in the recent past including fixation of MSP, soft loans for cane price payments and setting up of ethanol plants, Bio-fuel policy, production subsidy and export subsidy etc., which have helped the industry to wriggle out of the grim situation. Considering the level of inventory, the Government would need to continue to incentivise B heavy molasses ethanol prices, export incentives and fixation of rational cane prices.

For Dalmia Bharat Sugar and Industries Limited

Dalmia Bharat Sugar & Industries Limited (DBSIL) (BSE Code: 500097) (NSE: DALMIASUG), has business interests in integrated sugar (including cogen and distillery), windfarms, magnesite and miscellaneous businesses. The company has three sugar factories located in Uttar Pradesh (Ramgarh, Jawaharpur and Nigohi) and in Maharashtra (Kolhapur and Sangli). The company has aggregate sugarcane crushing capacity of 34000 TCD, distillery and co-generation operation of 240 KLPD and 119 MW respectively. For more information, visit us at www.dalmiasugar.com

Media Contact:
Rashika Kaul
Head - Corporate Communications
Dalmia Bharat Sugar and Industries Limited

More News by PR Newswire India

Artprice (New York) - Thierry Ehrmann: Patrick Drahi's Acquisition of Sotheby's Confirms the Art Market's Entry Into the Digital Era of the 21st Century

Citi, Societe Generale, DNB and other leading international banks promote greener global shipping through new principles

Bitdefender Expands APAC Presence With New Strategic Hire

IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

The HONOR 20 Color Report: 'Positivity' in Vogue in Fashion Capitals London and Milan

LONGi ranked the most financially stable PV manufacturer by Bloomberg NEF

GCL System Integration Among First Companies Awarded LeTID test Certificate from TÜV Rheinland

Canopy Growth provides update on international operations and activities

Polygoons, Inc Enhances its Augmented and Virtual Reality Technology

Coursmy Launches Global Live and Video E-learning Marketplace Platform

6th Anniversary of BTC Futures Trading, OKEx Enhanced Risk Management System for a Better "Future"

DLF CYBERHUB and AMPM Café Celebrated Father's Day With Harley-Davidson Riders

Thailand's surge in IMD competitiveness list reflects dynamic economy, says BOI

TB Joshua to Host Meeting in Nazareth, Israel

OPPO Roars for Team India; Released Song ‘Jeet Pe Apna Haq Hai’ Created With Fans’ Heartbeats

From Black Hole Imaging to NASA Climate Research - Supermicro High-Performance Systems Support Major Scientific Discovery & Exploration Even to Distant Galaxies

Seamless Air Alliance showcases technologies enabling the future of inflight connectivity at Paris Air Show 2019

Sino-Russian (Harbin) economic and trade index launched to serve as barometer of bilateral trade

Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Anant National University Welcomes its New Provost, Dr Anunaya Chaubey

One Man's Dream - India's Digital Awakening

Snehal Nagarsheth Joins Anant National University as Dean, School of Architecture

Systech and Toppan Sign Partnership Agreement to Deliver Brand Protection Solutions Worldwide

Top 10 Disruptive Digital Media Houses to Watch Out for in 2019-20

The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation

edelkrone Introduces Their First ORTAK Product

Health Horizons' Original Recipes Transform the Hemp Industry

FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.

SALT Announces Its Signature Global Thought Leadership Conference In Abu Dhabi, UAE

The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions

Kemin Launches New Vision and Logo for the Future

Rove At The Park Opens Doors to a Thrilling Lifestyle Experience in Dubai Parks and Resorts

Hyderabad police bust cricket betting ra...
BJP, casino lobby trying to oust Goa Con...
Rahul forgets to sign Parliament registe...
Lok Sabha members take oath in different...
Low-profile Nadda rose from ABVP ranks (...
Days after Pakistan alert, 9 soldiers in...
 Top Stories
6 killed, 75 injured in China earth... 
Egypt's ousted President dies durin... 
Circular economy can generate 1.4 c... 
India will overtake China as world'... 
Goa's three M's are priority of gov... 
UP: 6 dead, several injured in Sita... 
Six ministers of Kamal Nath cabinet... 
New police commissioner for Bengalu...