ICRA reaffirms long term rating of Dwarikesh Sugar Industries Ltd
Posted On: 2021-04-01 05:44:05 (Time Zone: Arizona, USA)
ICRA Limited - the credit rating agency has vide its letter dated April 01, 2021, received & accepted on April 1, 2021, has reaffirmed the long term rating for the Bank facilities amounting to Rs. 1029.99 crores at [ICRA] A+(Stable) (pronounced ICRA A plus Stable) with outlook continuing to remain Stable.
ICRA Limited - the credit rating agency has also vide its letter dated April 01, 2021, received & accepted on April 1, 2021, has reaffirmed the rating for the Commercial Papers amounting to Rs.300 crores as [ICRA]A1+ (pronounced ICRA A one plus) indicating very strong degree of safety regarding timely payment of financial obligations. Such instruments carries lowest credit risk.
FMCG stocks were trading in red, with the S&P BSE FMCG Sector index decreasing 47.13 points or 0.37% at 12727.43 at 13:48 IST. Among the components of the S&P BSE FMCG Sector index, DFM Foods Ltd (down 4.22%), Dwarikesh Sugar Industries Ltd (down 2.16%),Prataap Snacks Ltd (down 1.91%),Dalmia Bharat Sugar & Industries Ltd (down 1.83%),Britannia Industries Ltd (down 1.66%), were the top losers. Among the other losers were Godrej Agrovet Ltd (down 1.5%), Future Consumer Ltd (down 1.25%), Heritage Foods Ltd (down 1.25%), Hindustan Unilever Ltd (down 1.2%), and Bombay Burmah Trading Corporation Ltd (down 0.82%). On the other hand, Advanced Enzyme Technologies Ltd (up 8%), Eveready Industries India Ltd (up 5.54%), and Globus Spirits Ltd (up 5.46%) turned up.
Dwarikesh Sugar Industries Ltd reports Rs. 7.47 crore PAT in Q3 FY2020-21
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DWARIKESH SUGAR INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.385.19 crores during the period ended December 31, 2020 as compared to Rs.418.62 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.7.47 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.17.73 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.0.40 for the period ended December 31, 2020 as compared to Rs.0.94 for the period ended September 30, 2020.