Dhampur Bio Organics Ltd Share Price – NSE  /  BSE

Sugar, Small Cap

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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The domestic equity benchmarks traded with decent gains in mid-afternoon trade. The Nifty traded above the 22,400 level. Oil & gas shares advanced after declining in the past trading session.

At 14:29 IST, the barometer index, the S&P BSE Sensex was up 203.40 points or 0.29% to 73,949.54. The Nifty 50 index added 64.70 points or 0.29% to 22,432.70

The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.98% and the S&P BSE Small-Cap index gained 0.88%.

The market breadth was strong. On the BSE, 2,307 shares rose and 1,441 shares fell. A total of 143 shares were unchanged.

Buzzing Index:

The Nifty Oil & Gas index rose 1.05% to 11,702.95. The index shed 0.73% in the past trading session.

Aegis Logistics (up 12.22%), GAIL (India) (up 3.48%), Oil India (up 3.12%), Castrol India (up 2.18%), Indraprastha Gas (up 1.49%), Petronet LNG (up 1.37%), Indian Oil Corporation (up 1.28%), Oil & Natural Gas Corpn (up 1.16%), Hindustan Petroleum Corporation (up 1.13%) and Gujarat Gas (up 0.9%) advanced.

On the other hand, Gujarat State Petronet (down 1.63%) and Adani Total Gas (down 0.29%), edeged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.28% to 7.188 as compared with previous close 7.167.

In the foreign exchange market, the rupee is edged lower against the dollar. The partially convertible rupee was hovering at 83.3300, compared with its close of 83.3150 during the previous trading session.

MCX Gold futures for 5 June 2024 settlement fell 0.15% to Rs 70,920.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.20% to 105.88.

The United States 10-year bond yield rose 0.64% to 4.627.

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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