ICICI Direct: Dhampur Sugar Reports Sustainable Quarter Earnings; Healthy Cash Flow Generation

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Dhampur Sugar Mills Ltd. reported strong set of numbers with 15.1% revenue growth led by 20% increase sugar volumes of 2.7 lakh tonnes on the back of higher exports.The company received additional 58,000 tonnes of export quota after the first round of re-allocation in February 2020. Sugar realisation was flat at Rs 32.2 per kilogram.Dhampur Sugar crushed approximately 10% higher sugarcane in crushing season 2019-20 with excess sugarcane diverted from gur and khandsari manufacturers as they stopped manufacturing operations by March end due to lockdown imposed across country.Distillery volumes fell 29.7% to 2.2 crore litre mainly due to lower off take by Oil Marketing Companies in April given constraints of OMCs storage capacity during lockdown.However, distillery realisation improved due to higher proportion of B heavy ethanol.Power volumes, tariffs were down 10.6%, 39%, respectively, due to tariff revision by Uttar Pradesh Electricity Regulatory Commission in July 2019.Operating profit fell 1.4% mainly due to reduction in power tariffs last year. Profit after tax fell 7.3% to Rs 54.2 crore with higher taxation provision..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Dhampur Sugar Reports Sustainable Quarter Earnings; Healthy Cash Flow Generation

ICICI Direct: Dhampur Sugar Reports Sustainable Quarter Earnings; Healthy Cash Flow Generation

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