Dwarikesh Sugar Q2 results: PAT rises over two-fold to Rs 40 cr

Mumbai: Industries on Monday reported a 123.39 per cent growth in profit after tax (PAT) for the September quarter at Rs 39.63 crore. The company's PAT stood at Rs 17.74 crore during the corresponding quarter of 2020-21, Dwarikesh Sugar Industries said in a statement.

Total income of the company went up by 20.91 per cent during the quarter under review to Rs 506.17 crore compared to Rs 418.62 crore in the year-ago period.

"Estimated sugar production during the ensuing season 2021-22, is 31 million tonnes after considering 3.4 million tons of sugar sacrifice in favor of ethanol.

"Domestic sugar prices have rallied since September, 2021. Execution of our 175 KLPD distillery project at Dwarikesh Dham unit in Uttar Pradesh is on schedule in spite of inclement weather and unseasonal rains," Dwarikesh Sugar Industries Managing Director Vijay S Banka said.

Shares of the company on Monday closed at Rs 75.35, up 5.02 per cent on BSE.