Indian Sucrose Limited (ISL) on May 30 announced its financial results for the fourth quarter and full year ended Mar 31, 2024.
Performance overview:
Revenue from operations at Rs 260.87 crore in March 2024 increased (+38 per cent) from Rs. 189.22 crore in March 2023. And it grew by 297 per cent QoQ from Rs. 65.79 Crores in Q3FY24 to Rs. 260.87 Crores in Q4FY24.
Quarterly net profit at Rs. 32.09 crore in March 2024 up (+38 per cent) from Rs. 23.31 crore in March 2023. And it grew by 1,723 per cent QoQ from Rs. 1.76 Crores in Q3FY24 to Rs. 32.09 Crores in Q4FY24.
Indian Sucrose Limited basic and diluted EPS has increased to Rs.18.47 in March 2024 compared to Rs. 13.42 in March 2023.
For the full year, net profit was Rs. 32.74 crore in the year ended March 2024 as against Rs 30.01 crore during the previous year ended March 2023. Total income from operations increased to Rs. 528.62 crore in the year ended March 2024 as against Rs. 451.77 crore during the previous year ended March 2023.
The shares of Indian Sucrose Limited hit a 20 percent upper circuit in the day’s trade yesterday at Rs. 96.32, from its previous day’s close price of Rs. 80.27.
Indian Sucrose Limited was incorporated on 12th December, 1990. It was originally promoted jointly by Punjab Agro Industries Corporation (PAIC) and Mukerian Papers Ltd. Subsequently Mukerian Papers Ltd. its nominee Companies including Malwa Cotton Spinning Mills Ltd. and Punjab Woolcombers Ltd. took over the Control of the Company.
In the year 1990, the Company had set up a plant for the manufacture of white crystal sugar with an installed capacity of 2500 TCD, expandable upto 12,000 TCD at Punjab. At present, the plant has an installed capacity of 9000 TCD. The plant had also certain additional facilities like co-generation of power to the extent of 40 M.W.
Click here to read the financial results of Indian Sucrose Limited
