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Sugar company Dalmia Bharat Sugar and Industries announced FY24 results:
- Industry leading Operating EBIDTA margin of 14.9%.
- Cane crushed qty has increased by 11.2% compared to FY23.
- Sugar production has increased by 32.8% reaching to 6.35 LMT.
- Increase in domestic sugar sales volume by 8.4% by reaching to 4.24 LMT.
- Average Sugar sales realization improved by 2.3% on a blended basis (including exports)
- Highest ever distillery sales volumes of 17.7 Cr liters, 7% increase over last year.
- Commercial production at our wholly owned subsidiary, Baghauli Sugar and Distillery Limited has commenced in Q4 in record time.
- Grain distillery capacity increased to 250 KLPD from 110 KLPD.
- The board has proposed final dividend of Rs 1.25/- per share (face value 2/-per share) for FY24 subject to shareholders’ approval.
- Thus the total dividend is Rs 5/share for FY24.
Reflecting on our financial performance, Bharat Bhushan Mehta, Whole Time Director & CEO of Dalmia Bharat Sugar and Industries, said “Despite challenges, we have witnessed a commendable increase of 33% in Sugar Production coupled with significant increase in domestic sugar sales volumes. Notably, our strategic shift towards ethanol production from grain as a feedstock has proven successful in mitigating diversion risks. In terms of significant projects, we are pleased to announce the completion of grain-based distillery expansion project at Jawaharpur, UP, from 110 KLPD to 250 KLPD. Furthermore, following the acquisition of 100% equity shares of Baghauli Sugar and Distillery Limited, commercial production has commenced in Q4 in record time. These milestones underscore our commitment to growth, innovation, and operational excellence as we navigate dynamic market conditions and pursue sustainable value creation for our stakeholders.”
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