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ICICI Direct Report
Dwarikesh Sugar Industries Ltd.'s consolidated revenues saw growth of 21.1% to Rs 505.5 crore on the back of higher sugar as well as distillery segment sales.
Sugar sales witnessed growth of 8.1% on the back of higher sales quota and improved sugar realisation.
Distillery segment sales jumped 73.6% with the increase in ethanol volumes and higher proportion of B-heavy ethanol sales.
Sugar volumes saw growth of 6.6% to 1.2 lakh tonnes on back of higher domestic sugar quota. Sugar realisation moved up 3.6% to Rs 33.8 per kg.
Distillery volumes increased 85.6% to 1.67 crore litre led by ramping of capacity utilisation and higher offtake by oil marketing companies.
Dwarikesh Sugar only produced and sold B-heavy ethanol in Q2, which led to the 31.5% increase in distillery realisation to Rs 57.6/litre.
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