Dhampur Bio Organics News and Updates

Sugar company Dhampur Bio Organics announced Q2FY24 results: 1. Financial Performance: - The company reported a revenue growth of 22.87% in Q2FY24 compared to the previous year. - EBITDA margin stood at 3.08% in Q2FY24. - PAT margin was 0.12% in Q2FY24. 2. Segmental Performance: - Sugar segment revenue growth was 2.55% in Q2FY24. - Bio Fuels & Spirits segment revenue growth was 8.55% in Q2FY24. - Country Liquor segment revenue growth was 384.08% in Q2FY24. 3. Operational Performance: - Sugar production was 94,870 tons in Q2FY24, with an average recovery of 9.42%. - Bio Fuels & Spirits production included 26.74 lac BL of Syrup Derived Ethanol and 14.47 lac BL of B-Heavy Derived Ethanol in Q2FY24. - Country Liquor segment sales reached 5,96,880 cases in Q2FY24. 4. Balance Sheet Highlights: - Long-term loans were at Rs 248.22 crore as of September 30, 2023. - Net working capital surplus stood at Rs 20 crore as of September 30, 2023. - Long-term debt to equity ratio was 0.25 times as of September 30, 2023. 5. Industry Dynamics: - Sugar production in India for the sugar season 2022-23 is estimated to be 32.8 million tons. - Estimated diversion of sugar towards ethanol is 4.1 million tons. - Sugar stock balance is estimated to be less than 5.6 million tons at the end of sugar year 2022-23. "We are pleased with the overall performance of the company in Q2FY24. Despite challenging market conditions, we have been able to achieve growth in our core segments. We remain focused on value-added products and improving operational efficiencies to drive sustainable growth in the future." - Gautam Goel, Managing Director, Dhampur Bio Organics. Result PDF

43.63% Fall from 52W High

Dhampur Bio Organics News and Updates

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