Dhampur Bio Organics Ltd

Dhampur Bio Organics announced that the Board of Directors of the Company at its meeting held on 24 April 2024, has recommended a Final dividend of Rs.2.50 per share (i.e.25%), subject to the approval of the shareholders.

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In the commodities market, Brent crude for June 2024 settlement lost 32 cents or 0.36% to $88.10 a barrel.

Stocks in Spotlight:

Dhampur Bio Organics rose 1.40%. The company has reported 51% fall in consolidated net profit to Rs 39.41 crore on a 42% decline in net revenue to Rs 462.95 crore in Q4 FY24 over Q4 FY23.

Zydus Lifesciences fell 2.29% after the company informed that the US FDA inspection held at its Gujarat-based injectable manufacturing site had closed with 10 observations.

Welspun Corp advanced 2.12% after the firm received binding letter of award (LOA) of Rs 611 crore for export of line pipes from India.

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Dhampur Bio Organics announced that the 4th Annual General Meeting (AGM) of the company will be held on 5 July 2024.

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On the segmental front, Sugar revenue amounted to Rs 437.98 crore (down 46% YoY), Bio Fuels & Spirits added up to Rs 98.50 crore (down 35% YoY) and Country Liquor revenue aggregated to Rs 147.67 crore (up 12% YoY) during the period under review.

Total net expenses declined by 42% to Rs 413.63 crore in Q4 FY24 from Rs 712.68 crore in Q4 FY23.

Profit before tax in Q4 FY24 stood at Rs 54.36 crore, down by 41% from Rs 92.29 crore in Q4 FY23.

For FY24, Dhampur Bio posted net revenue and PAT of Rs 1,864.44 crore (down 23% YoY) and Rs 46.49 crore (down 58% YoY), respectively.

The company’s board has recommended payment of dividend of Rs 2.50 per equity share for the financial year ended on 31 March 2024. The record date for the same is 28 June 2024.

Dhampur Bio Organics is engaged mainly in the manufacturing and selling of sugar, chemicals, ethanol and co-generation and sale of power.

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Net profit of Dhampur Bio Organics declined 50.86% to Rs 39.41 crore in the quarter ended March 2024 as against Rs 80.20 crore during the previous quarter ended March 2023. Sales declined 42.36% to Rs 462.95 crore in the quarter ended March 2024 as against Rs 803.23 crore during the previous quarter ended March 2023.

For the full year,net profit declined 58.15% to Rs 46.49 crore in the year ended March 2024 as against Rs 111.10 crore during the previous year ended March 2023. Sales declined 22.56% to Rs 1864.44 crore in the year ended March 2024 as against Rs 2407.53 crore during the previous year ended March 2023.

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Dhampur Bio Organics will hold a meeting of the Board of Directors of the Company on 24 April 2024.

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Net loss of Dhampur Bio Organics reported to Rs 5.64 crore in the quarter ended December 2023 as against net profit of Rs 14.98 crore during the previous quarter ended December 2022. Sales declined 52.82% to Rs 280.02 crore in the quarter ended December 2023 as against Rs 593.54 crore during the previous quarter ended December 2022.

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Dhampur Bio Organics will hold a meeting of the Board of Directors of the Company on 18 January 2024.

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Net sales rose by 4.5% YoY to Rs 538.11 crore in the second quarter.

Total expenses increased by 5.4% to Rs 537.25 crore during the period under review, due to higher raw material costs (up 5.4x YoY) and higher other expenses (up 50.3% YoY).

Profit before tax in Q2 FY24 stood at Rs 1.23 crore, down by 88.1% from Rs 10.32 crore in Q2 FY22.

Dhampur Bio Organics is engaged mainly in the manufacturing and selling of sugar, chemicals, ethanol and co-generation and sale of power.

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Net profit of Dhampur Bio Organics declined 99.22% to Rs 0.06 crore in the quarter ended September 2023 as against Rs 7.71 crore during the previous quarter ended September 2022. Sales rose 4.49% to Rs 538.18 crore in the quarter ended September 2023 as against Rs 515.07 crore during the previous quarter ended September 2022.

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