Dwarikesh Sugar Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 03:59 am EST
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Dwarikesh Sugar Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,129.14 million compared to INR 3,838.43 million a year ago. Revenue was INR 3,189.6 million compared to INR 3,917.33 million a year ago. Net income was INR 98.07 million compared to INR 105.19 million a year ago. Basic earnings per share from continuing operations was INR 0.52 compared to INR 0.56 a year ago. Diluted earnings per share from continuing operations was INR 0.52 compared to INR 0.56 a year ago.
For the nine months, sales was INR 13,296.29 million compared to INR 15,704.11 million a year ago. Revenue was INR 13,391.83 million compared to INR 15,825.67 million a year ago. Net income was INR 606.9 million compared to INR 580.56 million a year ago. Basic earnings per share from continuing operations was INR 3.22 compared to INR 3.08 a year ago. Diluted earnings per share from continuing operations was INR 3.22 compared to INR 3.08 a year ago.
Dwarikesh Sugar Industries Limited is an India-based, multi-faceted, diversified industrial company. The Company is engaged in the manufacturing of sugar and allied products. The Company has created a diversified product portfolio, comprising sugar, ethanol and co-generated power. The Company is focused on the manufacture of sugar, ethanol (related products) and power. The Company works with approximately 1.54 lakh farmers who raise cane from more than 1.17 lakh hectares across three locations. The Companyâs procurement of sugarcane is approximately 382 lakh quintals. The Companyâs products are sugar, ethanol, power, sanitizer and payment instructions. The Company has three manufacturing units, which are located in Uttar Pradesh, Bundki village, Bijnor district; Bahadrpur village, Dhampur Tehsil; and Faridpur Tehsil, Bareilly District. It also has facilities in other parts of India, including Maharashtra, Delhi and Rajasthan.