Dalmia Bharat Sugar and Industries announced Q1FY23 results:
- EBIDTA for the quarter ended 30th June 2022 was impacted due to lower margins on account of higher cost of production (largely on account of cane price increase), power tariff reduction in Maharashtra and losses on account of consumer business.
- PAT for corresponding quarter included deferred tax reversal on account of new tax regime amounting Rs. 32 crore.
- Long term loan as on 30th June 2022 stood at Rs. 403 crore, which is entirely covered under interest subvention scheme/subsidized loan with a healthy net debt to equity ratio of 0.17x.
- Short term loan net of investments and cash equivalents is NIL as on 30th June 2022.