Mumbai, Aug 11 (PTI) Dwarikesh Sugar Industries today reported 88 per cent jump in net profit to Rs 59.3 crore in the quarter ended June 2017 from Rs 31.5 crore in the same quarter last year. Also Read - Monsoon Session Day 2: Lok Sabha Passes Essential Commodities Bill to Raise Farmer Income, Boost Agri Sector | Highlights
Total revenue grew by 70 per cent to Rs 522 crore in Q1 FY18 from Rs 306.1 crore in Q1 FY17. Also Read - 'Jammu And Kashmir to Reopen For Tourism Soon', Says J&K Administration
“Sugar sales during the quarter were brisk and contributed to a healthy top-line as well as bottom-line. With adequate monsoons and farmers’ preference to enthusiastically grow early variety of sugarcane, we expect a good 2017-18 sugar season going forward,” said Dwarikesh Sugar whole-time director Vijay S Banka. Also Read - COVID-19: Centre Announces Guidelines For Unlock 2, Lockdown Till July 31 in Containment Zones
Royal Orchid Hotels Q1 PAT surges to Rs 1.15 crore Royal Orchid Hotels, which operates 5 and 4 star properties, posted a healthy jump in profit after tax (PAT) at Rs 1.15 crore during the first quarter ended June 30.
The company’s PAT stood at Rs 54 lakh in the same period last year.
Revenue during the first quarter was Rs 23.65 crore, up from Rs 20.47 crore in the same period last year, a company release said here.
“We are totally focused on our asset light model strategy with addition of two new properties in first quarter of this fiscal year. We will continue with the strategy to increase our presence across country,” Royal Orchid Hotels Chairman and Managing Director Chender Baljee said.
Currently, the hospitality company operates 42 hotels across India.
—————————- Deepak Fertilisers Q1 PAT declines 16.33% to Rs 37.70 cr Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has reported 16.33 per cent decline in profit after tax (PAT) at Rs 37.70 crore during the quarter ended June 30.
The company’s PAT stood at Rs 45.06 crore in Q1, FY17.
Total income grew by 19 per cent to Rs 1,283.30 crore during the quarter under review from Rs 1,078.05 crore in Q1 FY17, a company release said here.
“Performance of Q1 has been encouraging with better volumes and higher capacity utilisation as compared to previous year same period.
“Monsoons in most of our core markets have been good and compared to past couple of years, there has been a healthy demand for farm inputs, especially complex fertilisers,” DFPCL Chairman and Managing Director Sailesh Mehta said.
This is published unedited from the PTI feed.