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Dwarikesh Sugar Industries posted a weak set of earnings in Q3 as the sugar business posted a loss but the co-gen business was stable. In an interview with CNBC-TV18, Vijay Banka, Wholetime Director and CFO, Dwarikesh Sugar Industries spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Vijay S Banka, Wholetime Director and CFO of Dwarikesh Sugar Industries spoke about the results and his outlook for the company.
Dwarikesh Sugar saw strong revenue growth in Q1 as the sugar business revenues jumped while margins were also strong. In an interview to CNBC-TV18, Vijay Banka, Wholetime Director and CFO of Dwarikesh Sugar Industries spoke about the results and his outlook for the company.
Speaking to CNBC-TV18, Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries said profits could have been better if volume had seen improvement.
Watch Varinder Bansal of CNBC-TV18 decoding the results of Seshasayee Paper and Boards, Panyam Cements and Mineral and Dwarikesh Sugar Industries in 'Earnings Pataka', a special edition on quarterly earnings.
"In India also, we expect lower production in the coming season mainly on the account of unfortunate drought that state of Maharashtra and Karnataka suffered last year. We expect sugar prices to be firm", Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries told CNBC-TV18 in an interview.
We have had a good Q1 and earned a profit of about Rs 32 crore, said Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries to CNBC-TV18.
The company, as of March 31, 2016, has inventory of 17 lakh tonnes, says Vijay Banka, Wholetime Director & CFO at Dwarikesh Sugar Industries.