In FY 22, the company reported PBT of Rs. 218.67 crore and PAT of Rs. 155.22 crore, clocking 83% growth in PBT and 70% growth in PAT as compared to FY 21.
Company’s net worth at 31st March, 2022 stood at Rs.673.29 crore vis-Ã -vis Rs. 578.91 crore as at 31st March, 2021
Estimated domestic sugar production during the current season 2021-22 is estimated around 35.0 million tons after considering 3.4 million tons of sugar sacrifice in favor of ethanol. Execution of our 175 KLPD distillery project at DD unit is on schedule. The plant is likely to be commissioned in June, 2022.
Key Numbers of P&L statement of P&L Statement:
Figures in INR crore except EPS
Q4FY22 | Q4FY21 | FY22 | FY21 | |
Total Income | 475.48 | 601.31 | 1,977.23 | 1,845.94 |
EBIDTA | 102.96 | 83.76 | 293.96 | 208.35 |
Finance cost | 5.45 | 10.12 | 31.66 | 47.65 |
EBDT | 97.51 | 73.64 | 262.30 | 160.70 |
PBT | 85.74 | 63.28 | 218.67 | 119.80 |
Tax | 26.13 | 15.05 | 63.45 | 28.26 |
PAT | 59.61 | 48.23 | 155.22 | 91.54 |
Other Comprehensive Income | 0.59 | 0.35 | 0.35 | 3.66 |
Total Comprehensive Income | 60.20 | 48.58 | 155.57 | 95.20 |
EPS Rs. Per share | 3.17 | 2.56 | 8.24 | 4.86 |
On 31st March, 2022, the company had outstanding long-term loans of Rs.252.40 crore including SEFASU 2018 loan of Rs.60.52 crore. Balance amount of Rs.191.88 crore is the loan availed for the distillery projects including Rs. 104.22 Crore loan for ongoing distillery project at DD unit (under disbursal). All the outstanding long-term loans are at concessional rate of interest.
Long term rating accorded by ICRA is reaffirmed at A+. However, the rating outlook is revised to ‘positive’ from ‘stable’. Short-term rating accorded to the Company by ICRA for CP program of Rs.300 Crore is also reaffirmed at A1+
Whereas DD Unit of the company closed its crushing operations of SS 2021-22 on 20th April, 2022, DP & DD units likely to close in mid- May.
The project execution work at DD distillery unit is on schedule and the distillery unit is likely to commence production in June, 2022. The setting up of the distillery will be significant milestone in the journey of company as the setting up of the distillery will result in more broad-based & remunerative revenue stream for the future
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