Uttam Sugar Mills Ltd Share Price – NSE  /  BSE

Sugar, Small Cap

Net sales declined 11.8% year-over-year (YoY) to Rs 465.15 crore in the fourth quarter.

On the segmental front, Sugar revenue added up to Rs 445.67 crore (down 17% YoY), Cogeneration revenue amounted to Rs 53.31 crore (down 4% YoY) and Distillery revenue aggregated to Rs 122.09 crore (up 25% YoY).

Total expenses fell by 6% to Rs 410.27 crore in Q4 FY24 over Q4 FY23, primarily due to lower raw material costs (down 10% YoY).

Profit before tax in Q4 FY24 stood at Rs 57.32 crore, down by 38.6% from Rs 93.30 crore in Q4 FY23.

For FY24, Uttam Sugar has recorded net profit and revenue of Rs 132.21 crore (up 6.9% YoY) and Rs 2,046.97 crore (down 0.6% YoY), respectively.

Uttam Sugar Mills is engaged in the manufacturing of sugar, ethanol and cogenerated power. The company has four sugar plants, out of which, one is located in the state of Uttarakhand and other three in Uttar Pradesh. The company has aggregate sugarcane crushing capacity of 26,200 TCD (tonnes of cane per day) and cogeneration capacity of 122 MW and ethanol production capacity of 300 KLPD (kilo litre per day) as on 31 December 2023.

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Uttam Sugar Mills announced that the Board of Directors of the Company at its meeting held on 6 May 2024, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of Uttam Sugar Mills declined 39.80% to Rs 42.14 crore in the quarter ended March 2024 as against Rs 70.00 crore during the previous quarter ended March 2023. Sales declined 11.81% to Rs 465.15 crore in the quarter ended March 2024 as against Rs 527.42 crore during the previous quarter ended March 2023.

For the full year,net profit rose 6.95% to Rs 132.21 crore in the year ended March 2024 as against Rs 123.62 crore during the previous year ended March 2023. Sales declined 0.58% to Rs 2046.97 crore in the year ended March 2024 as against Rs 2058.87 crore during the previous year ended March 2023.

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Uttam Sugar Mills will hold a meeting of the Board of Directors of the Company on 6 May 2024.

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