Dalmia Bharat Sugar and Industries Ltd on Monday reported its Q4 results and has recommended a final dividend of ₹3 (150%) per equity share of ₹2 for the financial year 2021-22 to the shareholders for declaration at the ensuing Annual General Meeting of the Company.
Key Highlights:-
Despite unprecedented times of tough COVID-19 pandemic, the company recorded highest ever total income, EBIDTA, PBT & PAT for the year on the back of highest ever sugar and distillery sales volumes.
Sales for Q4 ’21 are lower due to late announcement of export policy for the current sugar season. Majority of export contracts for SS ’21 will get executed during the next financial year. Q4’21 PAT is lower on account of higher tax Provision.
The organisation has repaid long term loans amounting to ₹245 Cr. resulting in long term debt reduction from ₹521 cr. to ₹276 cr. Post this, long term debt – equity ratio (consolidated) stands very healthy at 0.08x as on 31st March 2021.
The Board of Directors has proposed a final dividend @ 150% i.e. ₹3 per share (face value ₹2 per share) for the FY 2020-21 subject to approval of shareholders at the Annual General Meeting. The company’s net profit fell 16.28% to Rs 51.86 crore on 11.26% decline in net sales to Rs 488.80 crore in Q4 March 2021 over Q4 March 2020.
Projects & Updates:-
– Nigohi Distillery expansion completed during the quarter and is operational at expanded capacity to 100 KL (basis B heavy molasses from existing 60 KL)
– Branded sugar launched under the brand name of “Utsav Sugar” and has been well received by the market.
– Diverted around 60 KMT sugar towards ethanol during sugar season 2020-2021
– All other projects related to sugar & distillery expansion and greenfield distillery at Ramgargh are under implementation albeit possibility of a few months delay due to the pandemic.
Dalmia Bharat Sugar and Industries is one major and leading producer in the country and has been instrumental by taking the business to the forefront of technological and operational excellence. The company presently has three integrated plants with a total cane crushing capacity of 35500 TCD (Tonnes Crushed per Day) and sugar production capacity of 700,000 MTs per annum. It has 120 MW of co-generation capacity and a distillery of 255 KLPD along with incineration boilers. It also has facilities for processing of raw sugar.
