Dalmia Bharat Sugar and Industries Limited today announced its unaudited financial results for the quarter ended 30th June, 2022. Salient features are as under:
• EBIDTA for the quarter ended 30th June 2022 was impacted due to lower margins on account of higher cost of production (largely on account of cane price increase), power tariff reduction in Maharashtra and losses on account of consumer business.
• PAT for corresponding quarter included deferred tax reversal on account of new tax regime amounting Rs. 32 cr.
Debt profile: –
Long term loan as on 30th June 2022 stood at Rs. 403 Cr, which is entirely covered under interest subvention scheme/subsidized loan with a healthy net debt to equity ratio of 0.17x.
Short term loan net of investments and cash equivalents is NIL as on 30th June 2022
Updates on Consumer Business:-
• The company has decided to discontinue other products except our existing core business of specialty sugar.