Dwarikesh Sugar Industries Ltd., today announced its unaudited
financial results for the quarter and nine months ended December 31, 2020. In Q3FY21, the company reported a total income of Rs. 385.19 crore and profit after tax of Rs. 7.47 crore registering 20% growth in total income and 65% growth in profit after tax as compared to same quarter last year. In 9MFY21, the company reported total income of Rs. 1,244.63 crores and profit after tax of Rs. 43.31 crore registering 42% growth in total income and 48% growth in profit after tax as compared to corresponding period last year.
Estimated sugar production during the ensuing season 2020-21 is 30.2 million tons after considering sacrifice of sugar in favor of B heavy molasses. Domestic sugar prices are presently range bound
between Rs. 3150 and Rs. 3200 per quintal. In pursuance to the MAEQ scheme for export of 6 million tons of sugar, the Company has entered into contractual obligation to sell its entire obligated
quantity of 7.95 lakh quintal and has already commenced dispatches from its mills.
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