In a significant market development, Dalmia Bharat Sugar and Industries Ltd witnessed a remarkable milestone as its shares soared to a new 52-week high, touching Rs 490.05 on the Bombay Stock Exchange (BSE). This surge propelled the company’s market capitalization to an impressive Rs 3,837.74 crore. The trading session saw a total of 0.25 lakh shares changing hands, amounting to a turnover of Rs 1.19 crore. Notably, investors have reaped substantial rewards, with Dalmia Bharat Sugar and Industries delivering exceptional returns of 248% and 416% over the past three and five years, respectively.
During the September quarter, the sugar firm reported a remarkable four-fold increase in its consolidated net profit, reaching Rs 55 crore compared to Rs 12 crore in the corresponding quarter of the previous year. This stellar performance was complemented by a substantial 29% growth in total income, surging to Rs 787 crore from Rs 612 crore in the September 2022 quarter.
One of the standout achievements was the doubling of the operating profit margin, reaching 15% in the last quarter, a significant improvement from the 7% recorded in the September 2022 quarter. Moreover, the company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) or operating profit experienced an extraordinary surge of 202%, soaring to Rs 121 crore from Rs 40 crore in the September 2022 quarter. The growth story was further underlined by a remarkable 369% increase in earnings per share, rising to Rs 6.78 in the last quarter from Rs 1.45 in the September 2022 quarter.
At the time of reporting this article, the shares were trading nearly 1% higher at ₹472.75, underscoring the market’s positive response to the company’s impressive quarterly performance.
