trending Market Intelligence /marketintelligence/en/news-insights/trending/orrGAXCrcrMF3qaN2KFMQQ2 content esgSubNav
In This List

Ugar Sugar Works fiscal Q4 profit falls YOY

Blog

Insight Weekly: Labor market recovery hurdles; power market integration; nonbank M&A hunt

Blog

Investment Banking Essentials Newsletter: October Edition

Blog

Banking Essentials Newsletter: October Edition

Blog

ESG & Technology: Impacts and Implications


Ugar Sugar Works fiscal Q4 profit falls YOY

The Ugar Sugar Works Ltd said its normalized net income for the fiscal fourth quarter ended March 31 was 1.09 Indian rupees per share, a decline of 62.6% from 2.92 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 122.6 million rupees, a decrease of 62.6% from 328.1 million rupees in the prior-year period.

The normalized profit margin dropped to 6.7% from 12.6% in the year-earlier period.

Total revenue declined 29.9% year over year to 1.83 billion rupees from 2.61 billion rupees, and total operating expenses declined 20.7% on an annual basis to 1.61 billion rupees from 2.03 billion rupees.

Reported net income declined 47.6% on an annual basis to 231.5 million rupees, or 2.06 rupees per share, from 441.9 million rupees, or 3.93 rupees per share.

For the year, the company's normalized net income totaled a loss of 34 paise per share, compared with a loss of 1.53 rupees per share in the prior year.

Normalized net income was a loss of 38.6 million rupees, compared with a loss of 172.6 million rupees in the prior year.

Full-year total revenue grew from the prior-year period to 6.52 billion rupees from 6.42 billion rupees, and total operating expenses came to 6.45 billion rupees, compared with 6.43 billion rupees in the year-earlier period.

The company said reported net income totaled a loss of 32.5 million rupees, or a loss of 29 paise per share, in the full year, compared with a loss of 297.6 million rupees, or a loss of 2.65 rupees per share, the prior year.

As of May 29, US$1 was equivalent to 63.76 Indian rupees.