Q4FY21 Result Update - Dalmia Bharat Sugar - ICICI Direct

Dalmia Bharat Sugar (DBSL) reported strong Q4FY21 results with 32.7% growth in operating profit led by increase in distillery volumes and higher proportion of B-heavy ethanol. Consolidated sales declined 11.1% on account of absence of export volumes given the delay in announcement of export subsidy. However, most sugar exports would be shipped & booked in Q1FY22. Sugar sales were down 18% whereas distillery sales were up 23.2%. The company sold 1.0 lakh tonnes (lt) of sugar largely comprising domestic sales. Distillery volumes were up 10% to 2.1 crore litre. The company changed its depreciation charging method from SLM to WDV for sugar & distillery segment, which resulted in additional depreciation provisioning by Rs. 35 crore. PAT fell 16% to Rs. 51.9 crore mainly on account of higher depreciation & income tax provisioning.

For details, click on the link below: Link to the report

Shares of Dalmia Bharat Sugar and Industries Ltd was last trading in BSE at Rs.328 as compared to the previous close of Rs. 328.65. The total number of shares traded during the day was 33071 in over 1383 trades.

The stock hit an intraday high of Rs. 337.5 and intraday low of 321.7. The net turnover during the day was Rs. 10910865.

Source : Equity Bulls

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