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Davangere Sugar Company informs about outcome of board meeting

18 Jan 2025 Evaluate

Davangere Sugar Company has informed that the meeting of the Board of Directors of the Company was held today, Saturday, January 18, 2025 which commenced at 12:30 pm and concluded at 01:30 pm. In the said meeting, the following agenda was approved by the Board: Approval of the Un-Audited Financial Results of the Company for the quarter and nine months ended 31st December 2024 - The Unaudited Financial Results for the quarter and nine months ended 31st December, 2024 and the Limited Review Report are enclosed. Extract of IndAS compliant Unaudited Financial Results for the quarter and nine months ended 31st December, 2024 will be published in prescribed format in English and Kannada newspapers. The financial results for the quarter ended 31 December 2024 indicate significant growth compared to the previous quarter ended 30 September 2024. The total income for the December quarter rose to ?7,358.37 lakhs from ?3,977.63 lakhs in September, driven primarily by a sharp increase in revenue from operations, which grew from ?3,932.93 lakhs to ?7,317.75 lakhs. Total expenses also increased from ?3,798.72 lakhs (September 2024 quarter) to ?6,612.33 lakhs (December 2024 quarter), mainly due to higher costs of materials consumed and other expenses. Consequently, profit before tax surged from ?178.91 lakhs in September to ?746.04 lakhs in December, reflecting robust operational performance. This indicates a strong quarter-on-quarter improvement in business performance.

The above information is a part of company’s filings submitted to BSE.

Davangere Sugar Co Share Price

3.63 -0.02 (-0.55%)
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