invest smart - upsugarfedupsugarfed.org/uploaded/profitability at a sweet... · et home › markets...
TRANSCRIPT
10/23/2017 Profitability at a sweet spot for sugar companies - The Economic Times
https://economictimes.indiatimes.com/markets/stocks/news/profitability-at-a-sweet-spot-for-sugar-companies/articleshow/61140820.cms 1/17
NewsOct 23, 2017, 03.42 PM IST
LATEST NEWS Profit up 5 times in Q2, shares soar 6 times in 2017; should you investin this firm?
SECTIONS ET APPS ENGLISH E-PAPER FOLLOW USLOGIN & EARN POINTS START NOW
ET Home › Markets › Stocks › News
ई-ट� माक� ट एप डाउनलोडकर�
CHOOSELANGUAGEस�से�स
32,506 116.76�न�ट� 5010,184 38.30
सोना (एमसीए�स) (₹/10 …29,450.00 -104.00
यएूसडी/भारतीय …65.03 -0.04
पोट�फो�लयो बनाएंHIN
Gujarat Polls
No date, but Gujarat in middleof poll seasonPM Narendra Modi on his 5th visit toGujarat since September, inaugurated andlaid the foundation of a slew of developmentprojects but not without taking potshots atthe Congress
Invest Smart
Go for value-for-money insurancewith Return of Premium plans
Are you ready foryour afterlife?
Death, Disabilityand Disease – Fearsof a modernlifestyle
Top Trending Terms
Silver Price Gold Rate Top Gainers Share
Market Infosys Share Price SBI Share
Price Sensex Nifty 50 Upcoming IPO Crude Oil Price
SPOTLIGHT
By , ET Bureau | Updated: Oct 19, 2017, 11.27 AM IST
While some domestic sugar mills saw
profit margins more than double, a few
other ailing sugar producers reported
profits for the first time after several
years.
Profitability at a sweet spot for sugarcompanies
Hyderabad: Better realisation results in improved profitsafter several years; debt reduction of 19.6% since Aug2016 is the largest among all sectors, says RBI
The Indian sugar industry is seeing profits improve after agap of several years with impressive realisations in thepast one year resulting in debt burden shrinking by at leasta fifth.
This substantial reduction in debt burden has helped theindustry post its highest ever profitability in recent past,
which in turn could bolster profitability inmore quarters to come, said industryrepresentatives and sector analysts.
While some domestic sugar mills saw profitmargins more than double, a few other ailingsugar producers reported profits for the firsttime after several years.
The latest Reserve Bank of India data on deployment of gross bank credit shows thedomestic sugar industry has reduced its debt burden by 19.6%, from ` . 34,800 crore inAugust 2016 to `. 28,000 crore in August this year the highest debt reduction among allsectors. “We have seen substantial re duction in our long-term debt and are seeing improved profitabil ity,“ says Tarun Sawhney, vice chairman and managing direc tor of one ofIn dia's largest sug ar producers, Triveni Engineer ing and Industri es. “Besides, it has alsohelped improve our credit rating, which in turn has helped us negotiate interest rates withbanks.“
Triveni Engineering BSE 4.06 % saw its op erating profit margin more than double to 19% inFY17 from 8% in FY16. Others like Balrampur Chini Mills BSE 1.86 % , Sakthi SugarsBSE 2.57 % and Dhampur Sugar Mills BSE 6.02 % were among the top 20 sugar producersreporting operating profit margins of 26%, 15% and 21% respectively in FY17, significantlyup from 16%, 9% and 10% in FY16. Hyderabad-based Gayatri Sug ars, which wasincurring losses from 2010-11, reported a profit for the first time in 2016-17. It hasregistered a profit of `. 10 crore com . 13.52 crore in the pared to a loss of ` previous fiscal.
Try this new hair re-growth trick. Itseasy.
Nutralyfe Re-Gain
10 days' hair oil - Proven new hairgrowth results!
Rathira Ayurveda
Recommended By Colombia
“It has been a result of stable sugar prices in the past one year which has helped the
Ashish Kulshrestha
0Comments
3.85 (4.12%)…
0.55 (2.17%)…
-6.30 (-0.16%)
Company Summary NSE BSE
Triveni E
Sakthi Su
ICRA
EXPAND TO VIEW ALL
03:43 PM | 23 OCT
MARKET STATSEOD
Search for News, Stock Quotes & NAV's
News Live Blog Analysis Recos Earnings ETMarkets Podcast Market Paathshala Announcements Policy Market Calendar Stock Price Quotes
Home Markets Stocks IPOs/FPOs Markets Data Market Moguls Expert View Technicals Commodities Forex Mobile Apps MoreNew