Dwarikesh Sugar Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 27, 2023 at 04:56 am EDT
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Dwarikesh Sugar Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 4,455.05 million compared to INR 5,401.08 million a year ago. Revenue was INR 4,486.85 million compared to INR 5,422.19 million a year ago. Net income was INR 102.63 million compared to INR 78.38 million a year ago. Basic earnings per share from continuing operations was INR 0.55 compared to INR 0.42 a year ago. Diluted earnings per share from continuing operations was INR 0.55 compared to INR 0.42 a year ago.
For the six months, sales was INR 10,167.15 million compared to INR 11,865.69 million a year ago. Revenue was INR 10,202.23 million compared to INR 11,908.34 million a year ago. Net income was INR 508.83 million compared to INR 475.36 million a year ago. Basic earnings per share from continuing operations was INR 2.7 compared to INR 2.52 a year ago. Diluted earnings per share from continuing operations was INR 2.7 compared to INR 2.52 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.