SBEC Sugar Ltd Share Price – BSE

Sugar, Small Cap

Net profit of SBEC Sugar rose 135.19% to Rs 32.08 crore in the quarter ended March 2024 as against Rs 13.64 crore during the previous quarter ended March 2023. Sales rose 8.26% to Rs 239.17 crore in the quarter ended March 2024 as against Rs 220.93 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 12.10 crore in the year ended March 2024 as against net loss of Rs 8.72 crore during the previous year ended March 2023. Sales declined 0.60% to Rs 654.51 crore in the year ended March 2024 as against Rs 658.46 crore during the previous year ended March 2023.

Powered by Capital Market - Live News

Net profit of SBEC Sugar rose 167.14% to Rs 33.90 crore in the quarter ended March 2024 as against Rs 12.69 crore during the previous quarter ended March 2023. Sales rose 8.94% to Rs 233.76 crore in the quarter ended March 2024 as against Rs 214.57 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 4.65 crore in the year ended March 2024 as against net loss of Rs 12.91 crore during the previous year ended March 2023. Sales declined 0.48% to Rs 643.88 crore in the year ended March 2024 as against Rs 646.98 crore during the previous year ended March 2023.

Powered by Capital Market - Live News

SBEC Sugar will hold a meeting of the Board of Directors of the Company on 27 May 2024

Powered by Capital Market - Live News

“The mortgage on the asset & immovable properties of the Company along with the second charge on the immovable properties on the asset of SBEC Bioenergy (subsidiary of the company) with respect to said loan is released by the bank as a result of said loan closure,” SBEC Sugar said in a statement.

SBEC Sugar is a sugar manufacturer and is promoted by Modi Group and SBEC Systems, UK.

The company has reported a net loss of Rs 2.19 crore in the quarter ended December 2023 as against net loss of Rs 9.64 crore during the previous quarter ended December 2022. Sales declined 4.87% to Rs 144.10 crore in Q3 FY24 over Q3 FY23.

Powered by Capital Market - Live News