India's Dhampur Bio Organics falls after reporting Q3 loss

Dhampur Sugar Mills

18/01/2024 07:05

** Shares of Dhampur Bio Organics  DHAO.NS  down 4.4% to
143.35 rupees as of 12:19 p.m. IST
    ** Sugarcane processing co reports consolidated loss of 56.4
mln rupees ($678,471.75) for Q3 vs profit of 149.4 mln rupees yr
earlier, while rev from ops falls ~39% Y/Y  
    ** Revenue from both sugar and bio fuels & spirits segments
drop 58.3% and 15.3%, while country liquor segment up 41.3%   
    ** Trading vol 1.7x the 30-day daily avg
    ** Stock fell 13% in Dec. quarter after two straight
quarters of gain



($1 = 83.1280 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))