Dwarikesh Sugar Industries Ltd, today announced its unaudited financial results for the quarter and half year ended September 30, 2019. The company reported a total income of Rs. 177.12 crore and profit after tax of Rs. 4.73 crore during Q2FY20. For H1FY20, the company registered a total income of Rs. 557.62 crore and profit after tax of Rs. 24.66 crore.
"It is expected that Indian Sugar industry will produce lesser sugar during SS 2019-20 on account of estimated decline of production in the State of Maharashtra. With global sugar deficit on the rise, sugar price is expected to improve. Sugar price domestically continue to be range bound between Rs. 3,300 and Rs. 3,350 per quintal. We continue with our efforts towards improving operating efficiencies and controlling costs. - Vijay S. Banka, Managing Director, Dwarikesh Sugar Industries Ltd.
Shares of DWARIKESH SUGAR INDUSTRIES LTD. was last trading in BSE at Rs.25.55 as compared to the previous close of Rs. 26.9. The total number of shares traded during the day was 38436 in over 220 trades.
The stock hit an intraday high of Rs. 26.8 and intraday low of 25.15. The net turnover during the day was Rs. 1001448.