Simbhaoli Sugars Ltd. reported strong quarterly results for the quarter ended March 2023. The company’s consolidated net sales increased by 5.67% year-over-year to Rs. 371.07 crore. Net profit also increased by a significant margin, rising 233.81% to Rs. 23.72 crore. EBITDA stood at Rs. 38.78 crore, up 5.87% from the previous year.
The company’s strong performance was driven by a number of factors, including higher sugar prices and improved operational efficiency. Sugar prices in the domestic market have been on the rise in recent months, due to increased demand and lower production. Simbhaoli Sugars was able to take advantage of this trend and generate higher revenues.
The company also benefited from improved operational efficiency. The management has been taking steps to reduce costs and improve productivity. These efforts have helped to boost the company’s bottom line.
The strong quarterly results are a positive sign for Simbhaoli Sugars. The company is well-positioned to continue its growth in the coming quarters.
Key Highlights
- Consolidated net sales up 5.67% year-over-year to Rs. 371.07 crore
- Net profit up 233.81% to Rs. 23.72 crore
- EBITDA up 5.87% to Rs. 38.78 crore
- Sugar prices on the rise in the domestic market
- Company taking steps to reduce costs and improve productivity
- Strong quarterly results are a positive sign for the company
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