Dalmia Bharat Sugar and Industries declares Q3FY22 result: Successfully Commenced Ethanol production from Syrup. Sugar exports contracted for 1.2 LMT sugar SS 21-22. 11.60 Cr liters of Ethanol qty allotted for Ethanol Year 21-22 as against 8.8 cr liters in the previous year. Result PDF
Highlights: ICRA has upgraded our long term credit rating from AA(-) to AA with stable outlook and reaffirmed our short term rating at A1+. Working Capital debt reduced to nil as on 30" Sept 21 Net long term debt reduced to a negligible level of Rs. 39 cr as on 30th Sept 21. Crushing commenced in Maharashtra units on 25th Oct and UP units expected to start by 2nd Week of Nov. As an extension in the consumer business, the company has launched Honey under the brand name “Dalmia Utsav” during the quarter. Pleased to report steady set of financial results due to improved global and domestic fundamentals. Profits for the quarter are higher despite lower sugar volumes (on account of lower releases), higher depreciation and initial losses in consumer business segment. Result PDF