Dwarikesh Sugar reports poor performance in Q4FY18

Dwarikesh Sugar Industries consolidated revenue for the fourth quarter of FY18 came in at Rs. 349.36 crore, registering 24.9 per cent yoy decline. This was partly due to 23 per cent yoy dip in the revenue of Sugar segment.

During the quarter, the company reported operating loss of Rs. 12.3 crore as against EBITDA of Rs. 120 crore in the corresponding quarter of last year.

Also, Dwarikesh reported net loss of Rs. 9.2 crore in the quarter as against Rs. 45.97 crore profit in the corresponding quarter of last year.

Looking at full year numbers, the revenue for FY18 stood at Rs. 1,458 crore, up by 16.1 per cent yoy. EBITDA for the period tanks 47.9 per cent yoy to Rs. 142 crore. Net profit dip 35 per cent yoy to Rs. 101 crore in Q4FY18.