Advantage AxisDirect
- 20 investment products
- 3 great platforms to invest
- 5 fun-tastic learn courses
- 5 powerful research segments
- 4 prestigious awards
- 9 lakh+ happy investors
Quotes
Back To Menu
-
Offerings
- Markets
- Research
- Learn
- PORTFOLIO
Expect sugar prices to inch up
Vivek Saraogi, Balrampur Chini
Feb 09, 2016 | Source: CNBC-TV18
• Vivek Saraogi of Balrampur Chini expect factors, such as better recoveries, government's mandatory export quota, alcohol duty waivers and more power purchase agreements signed, are leading to better business prospects for the sugar industry.
• The company posted an impressive set of earnings in 3QFY16, swinging back into profits, and showed solid operational performance. "Prices have increased from Rs 25.83 per kg last year to about Rs 29.50 now. We expect it to go to Rs 32 by April," Saraogi said. He was confident of the company posting a profit this year.
• In this year’s crushing, the recoveries are much better. The prices have improved from the lower levels owing to the efforts of the state and the central government. People like us have put a lot of money into cane development and there are natural reasons which I could aiding to recovery because of no fog, etc.
• For the year, at least for companies like Balrampur where the interest cost, you see how interest cost has got squeezed. It is not only because, or maybe a quarter-half % cut in the macro environment, but we have had very good sourcing. So, we even got commercial pay by about 8.2 % as a company. And our long-term debt is fairly squeezed. So, I am only saying that as we move ahead, we would look more sustainable.Download appvV5.0.0.6-60 Thanks for Liking, Please spread your love by sharing...As you have logged in from a different device/browser. This session has expired.Image size cannot exceed 512 KB. - Markets