Dhampur Sugar Q2 Net up 64.69 pc at Rs 60-cr

Dhampur Sugar Q2 Net up 64.69 pc at Rs 60-cr

Dhampur Sugar Mills today posted 64.69 per cent jump in consolidated net profit to Rs 60.51 crore for the second quarter of this fiscal on strong sales.

Its net profit stood at Rs 36.74 crore in the same quarter last fiscal, the company said in a regulatory filing.

Total income increased to Rs 806.83 crore in the July- September period of 2017-18 from Rs 699.64 crore in the year- ago period.

Expenses too remained higher at Rs 719.84 crore as against Rs 639.19 crore in the year-ago period.

The Delhi-based company, however, made it clear that its revenue from operations for the said quarter are inclusive of GST and cannot be compared with the year-ago period.

Shares of the company fell 4.36 per cent to settle at Rs 295.30 a piece on BSE today.

Source: business-standard;Published on 2017-11-07