Dalmia Bharat Sugar Q1FY17 Results

Dalmia Bharat Sugar share price rose 4.09 per cent on 11^th August 2016 to Rs 124.60 at 13:36 hours on BSE after the company registered net profit of Rs 48.31 crore in Q1 June 2016 as against net loss of Rs 9.57 crore in Q1 June 2015. However once the market opened today (12^thAugust 2016) dropped by 5.52 per cent and is currently trading at Rs 113.90 apiece at 11:00 hours.The result was announced after market hours on 10^th August 2016.

On NSE Dalmia Bharat Sugar share price is trading at Rs 112.05, down by 6.31 per cent. So far 2,97,112 shares have been traded on the counter of NSE since this morning. The stock hit a high of Rs 121.95 and a low of Rs 108.25 so far during the day. The stock hit a 52-week high of Rs 168.00 on 2nd August 2016. The stock hit a 52-week low of Rs 20.05 on 25^th August 2015.

Dalmia Bharat Sugar & Industries' net sales rose 29.3 per cent to Rs 342.51 crore in Q1 June 2016 over Q1 June 2015.The company announced that its earnings before interest, taxes, depreciation and amortization (EBITDA) zoomed up by 309.52 per cent to Rs 86 crore for the quarter ended 30^th June 2016 over quarter ended 30^th June 2015. EBITDA surged as a result of improved realisations for integrated operations and improved sales volume for distillery. The company has registered 31 per cent increase in sugar realisations coupled with 14 per cent increase in distillery realisations in the June Quarter of 2016 over June Quarter of 2015.

The distillery sales volume increased 67 per cent to 9,008 kiloliters (KL) in the June quarter of 2016 over June quarter of 2015 due to the additional sales volumes generated in Q1 June 2016 from Kolhapur, Maharashtra as distillery unit was commissioned at the end of financial year ended March 2016 (FY 2016).

Dalmia Bharat Sugar announced that it is focused towards building sustainable business model. The company with a risk mitigating intent diversified into new higher productivity region, Maharashtra, and has developed capabilities by building an efficient operational platform by increasing the share of contribution of Maharashtra to 30 per cent of the total capacity in near term.Dalmia Bharat Sugar is Dynamic Levels recommended Multibagger stock. Get the important support and resistance level of the share at Dalmia Bharat Sugar share price forecast.