According to Vishwaraj Sugar Industries’ Q3 results, in December 2021, on a standalone basis, its Q3 net profit skid by 3.34% from Rs. 30.46 crores in December 2020 to 29.44 crores in December 2021. This was despite its total revenue surging by 62.06% from Rs. 82.79 crores in December 2020 to Rs. 134.17 crores in December 2021.
The shares of the company closed at Rs. 24 apiece, down by 1% since the previous close.
The EBITDA is Rs. 44.57 crores in December 2021, 2.55% up from Rs. 43.46 crores in December 2020, while its EPS has decreased to Rs. 1.57 in December 2021, from Rs. 8.22 in December 2020.
Its revenue from the sugar segment grew by 64.87% from Rs. 53.66 crore in December 2020 to Rs, 88.47 crores in December 2021.
“The spread of COVID-19 has not impacted the company much as it is engaged in manufacturing of sugar, generation of power, production of Ethanol, Vinegar etc. which falls under the category of essential commodities,” the company said.
Vishwaraj Sugar Industries Limited is an integrated sugarcane-based unit producing Sugar, Generating Power and a molasses/sugarcane syrup-based distillery manufacturing Rectified Spirit, Neutral Spirit and Ethanol. It operates as a sugar factory and is located at Bellad, Belgaum District in NorthWest Karnataka. This is classified as a High Recovery Zone for sugar by the Government of India.
