Penny inventory beneath 5: Davangere Sugar Firm share worth surged as a lot as 3.55 per cent in Monday’s buying and selling session regardless of weak market sentiments.
The penny inventory was buying and selling at ₹3.80 apiece on Nationwide Inventory Change (NSE) at 10:30 am, in opposition to earlier shut at ₹3.66 on Friday final week.
Davangere Sugar Firm share has descended over 37.19 per cent in six months and 62 per cent in final one 12 months.
Davangere Sugar Firm This autumn outcomes 2025
Davangere Sugar Firm reported a 57.36 per cent drop in web revenue, falling to ₹1.94 crore within the quarter ending March 2025, in comparison with ₹4.55 crore in the identical quarter of the earlier 12 months. Income additionally declined by 10.48%, reaching ₹56.91 crore versus ₹63.57 crore within the March 2024 quarter.
For the total monetary 12 months, the corporate’s web revenue dipped 10.62% to ₹10.94 crore, down from ₹12.24 crore within the earlier 12 months. Annual gross sales additionally noticed a slight decline of 0.71%, coming in at ₹214.99 crore in comparison with ₹216.53 crore a 12 months earlier.
“To maximise ethanol manufacturing, the Davangere Sugar Firm Ltd. goals to obtain bigger portions of maize from numerous areas throughout the nation. Authorities coverage presently encourages Ethanol manufacturing from maize, and the Central Authorities is within the course of of creating a Nationwide Coordinating Company (NAFED) to obtain maize from farmers and provide it to sugar factories for ethanol manufacturing. This initiative will profit our manufacturing unit and others by guaranteeing a adequate provide of maize for steady, year-round operations,” the corporate stated in a launch dated Might 14.
The entire earnings for the march quarter was reported at ₹5747.51 lakhs. Consequently, revenue earlier than tax was reported at ₹224.71 lakhs, reflecting strong operational efficiency. EBITDA got here in at ₹1024.93 lakhs for the March quarter 2025.
“Our major intention is to supply farmers in these areas with assured and well timed returns on their produce. We perceive the challenges they face and try to alleviate them by means of numerous means, together with monetary help and loans. These assets are designed to empower farmers, enabling them to spend money on modem agricultural practices, procure high quality seeds, and entry important tools,” the corporate added.
Disclaimer: This story is for academic functions solely. The views and proposals above are these of particular person analysts or broking firms, not Mint. We advise traders to verify with licensed consultants earlier than making any funding choices.
