Dalmia Bharat Sugar posts Q4 net profit of Rs 46.18 cr

Dalmia Bharat Sugar and Industries Monday reported a standalone net profit of Rs 46.18 crore in the fourth quarter of 2018-19 fiscal on strong sales. The company had posted a net loss of Rs 12.56 crore in the corresponding quarter in the previous fiscal, according to a BSE filing.

Net income increased to Rs 589.08 crore during the January-March quarter from Rs 492.30 crore in the year-ago period. Expenses also rose to Rs 541.18 crore as compared with Rs 526.45 crore in January-March last year.

The company's board recommended a dividend of Rs 1.60 per share of face value Rs 2 each. Dalmia Bharat Sugar and Industries said Jawaharpur distillery in Uttar Pradesh was commissioned this January after expanding the capacity to 120-kilo litres per day (KLPD) from 80 KLPD.

The company has business interests in integrated sugar (including cogen and distillery), wind farms, magnesite and miscellaneous businesses. It has three sugar factories in Uttar Pradesh (Jawaharpur, Nigohi and Ramgarh) and two in Maharashtra (Kolhapur and Sangli).