2024-02-02 13:40:27
Indian group Dalmia Bharat Sugar and Industries reported stable third-quarter profit on Friday, as weak sales of its flagship product – refined sugar – offset strong demand in the distillery sector.
Consolidated net profit stood at 649.2 million rupees ($7.83 million) for the quarter ended December 31, up from 649.1 million rupees a year earlier.
The company, which counts Britannia, Dabur and United Breweries among its clients, said its operating income fell 2.7 per cent to Rs 5.84 billion.
For more information on the results, click (nFWN3EN10N)
KEY BACKGROUND
India, the world’s second-largest sugar producer, experienced disruptions in sugar production and supply in November and December last year due to unseasonal rainfall in the key states of Maharashtra and Karnataka where l we cultivate sugar cane.
Sales of refined sugar makers, including Dalmia Bharat Sugar and its peers Dwarikesh Sugar and Dhampur Sugar Mills, took a hit.
COMPARISON WITH OTHER COMPANIES
Valuation (next 12 months) Estimates (next 12 months) Analyst sentiment
RIC PE EV/EBITDA Price/Revenue Profit Growth Average Number of shares relative to division
Revenue Growth Rating* Analyst Award Performance
analyst objective** (%)
Dalmia Bharat Sugar and 9,26 4,70 NULL 12,48 NULL Acheter 1 0,74 1,00
Industries
Balrampur Chini Mills 13,53 8,72 3,59 11,92 6,32 Acheter 4 0,80 1,09
Dwarikesh Sugar Industries 12,87 5,54 NULL -0,13 -0,59 Acheter 3 0,79 2,37
Dhampur Sugar Mills 8,18 NaN 3,60 NULL NULL NULL Null 0 0,76 1,92
* Average of analyst ratings standardized to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell.
**Ratio of stock’s last close to analysts’ average price target; a ratio greater than 1 means the stock is trading above the price target.
EQUITY PERFORMANCE IN OCTOBER-DECEMBER
— All data comes from LSEG
–$1 = 82.88 rupees
1706881616
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