Conference Call with Dwarikesh Sugar Industries Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Dwarikesh Sugar Industries Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Dwarikesh Sugar Industries Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Dwarikesh Sugar Industries announced Q2FY24 & H1FY24 results:<br><br>1. Financial Performance:<br>- Dwarikesh Sugar Industries reported a profit before tax (PBT) of Rs 14.93 crore and profit after tax (PAT) of Rs 10.26 crore in Q2FY24, compared to PBT of Rs 11.19 crore and PAT of Rs 7.84 crore in Q2FY23.<br>- Total income for the quarter was Rs 448.68 crore, compared to Rs 542.42 crore in Q2FY23.<br>- For H1FY24, the company reported a PBT of Rs 74.01 crore and a PAT of Rs 50.88 crore.<br>- The total income for H1FY24 was Rs 1,020.22 crore, compared to Rs 1,190.83 crore in H1FY23.<br><br>2. Sugar Production and Prices:<br>- The Indian Sugar Mills Association (ISMA) has estimated that sugar production for the current season is 31.7 million tons, a decrease from 32.8 million tons in the previous season.<br>- Sugar prices have shown a notable resurgence, currently ranging between Rs 3,800 and Rs 3,900 per quintal.<br><br>3. Sales and Stock:<br>- Sugar sales for Q2FY24 were 7.19 lakh quintals, a decline from 11.49 lakh quintals in Q2FY23. The average realization on sugar sold during the quarter was Rs 3696 per quintal.<br>- Sugar sales for H1FY24 were 16.89 lakh quintals, compared to 26.78 lakh quintals in H1FY23. The average realization on sugar sold during H1 was Rs 3,645 per quintal.<br>- Sugar stock as of September 30, 2023, was 2.68 lakh quintals, compared to 1.81 lakh quintals as of September 30, 2022.<br><br>4. Industrial Alcohol Sales:<br>- Industrial alcohol sales for Q2FY24 were 28,736 KL, compared to 22,257 KL in Q2FY23.<br>- Industrial alcohol sales for H1FY24 were 59,090 KL, compared to 37,892 KL in H1FY23.<br><br>5. Loan Obligations:<br>- As of September 30, 2023, the company had outstanding long-term loans of Rs 258.37 crore, including a loan of Rs 20.17 crore for SEFASU 2018.<br><br>6. Outlook and Operational Efficiencies:<br>- The company highlights its commitment to enhancing operational efficiencies and maintaining strict cost controls.<br>- Despite challenges posed by weather conditions and pests, the company remains dedicated to optimizing its operations and ensuring sustainable performance.<br><br><br><br><br><br><br>Result PDF
Conference Call with Dwarikesh Sugar Industries Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.