BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. 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 Q4 FY21 results with 33.7% growth in operating profit.
Revenue remained flat given sugar sales volumes fell 4.2% on account of lower domestic sales quota and delay in export subsidy announcement.
Moreover, domestic sugar prices also remained subdued during the quarter given peak sugar crushing season and low winter demand.
Distillery sales was up 23.6% mainly on account of 13% increase in volumes in Q4.
The company contracted for approximately nine crore litre of B-heavy ethanol for 2020-21 ethanol season (December 2020- November 2021).
Power volumes and realisation remain flat.
Click on the attachment to read the full report:
DISCLAIMER
This 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 author entity 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.