Dhampur Sugar Q4 Review - Strong Cash Flows; Significant Deleveraging: ICICI Direct
A shopkeeper refills his stock of sugar at the wholesale market of Old Delhi in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Dhampur Sugar Q4 Review - Strong Cash Flows; Significant Deleveraging: ICICI Direct

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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:

ICICI Direct Dhampur Q4FY21 Result Update.pdf

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