Dalmia Bharat Sugar Dividend: Last Day To Buy Shares To Qualify — Details Here

Shares of Dalmia Bharat Sugar and Industries Ltd. will be of interest on Friday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.

Dalmia Bharat Sugar's board announced a final dividend of Rs 1.50 per share. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 30.

In the last fiscal, the company announced total dividend of Rs 6, including the final dividend and the interim dividend of Rs 4.50 apiece. The total value of the dividend to be disbursed amounts to around Rs 48 crore.

Given India's T+1 settlement cycle, shares purchased on the record date (June 30 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 27 will be the beneficiaries.

In comparison, the company had given a final dividend of Rs 1.25 in July 2024, along with an intrim dividend of Rs 3.75.

Dalmia Bharat Sugar and Industries' fourth-quarter profit more than doubled to Rs 206 crore for the quarter ended March, compared to Rs 91 crore in the same quarter of the previous fiscal, according to its stock exchange notification.

Revenue increased by 35.6% year-on-year for the three months ended March, reaching Rs 1,017 crore. The surge in revenue was on the back of 43.15% jump in distillery revenue to Rs 345 crore in comparison to Rs 241 crore. Revenue from the sugar segment rose by 32.42% at Rs 878 crore in comparison to Rs 663 crore posted in the same period of the previous fiscal.

Operating income, or earnings before interest, taxes, depreciation, and amortisation, rose 63.02% year-on-year to Rs 194 crore. The Ebitda margin expanded by 320 points to 19.07%. The rise in Ebitda comes as other expenses fall by 15% and cost of materials reduces by 2%.

The strong performance was also due to record-high average sales realisations and strong revenue from operations. Sugar sales for the quarter ended March stood at 1.5 LMT, with the exports contributing 0.1 LMT, which is approximately 9% of the total volume.

In addition, the company also benefited from favourable market environment and achieved an average sugar net selling price of Rs 38.9 per kg. This is 5% higher than the average selling price in the same period last year.