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Profit before tax stood at Rs 92.29 crore in Q4 FY23, registering the growth of 7.6% as against Rs 85.80 crore recorded in same quarter last year.
Total expense surged 95.68% to Rs 830.46 in Q4 FY23 as compared with Rs 424.40 crore in Q4 FY22.raw material consumed was at Rs 808.74 crore (up 5.4% YoY), employee benefit expense stood at Rs 34.83 crore (up 79.9% YoY).
On full year basis, the company's consolidated net profit rose 8.6% to Rs 111.10 crore on 53.9% jump in net sales to Rs 2,407.53 crore in FY23 over FY22.
The board has approved for expansion of sugar units capacity by 4000 tonnes crushing per day (TCD) each at Unit Meerganj, Uttar Pradesh from 5,000 TCD to 9000 TCD of the company. With the proposed expansion, the total capacity of the company will stand augmented from 22000 TCD to 26000 TCD.
The board has recommended a dividend of Rs 3.5 per equity share for financial year ended on 31 March 2023, subject to approval of shareholders. The record date for the same is fixed on 23 June 2023.
Dhampur Bio Organics is engaged mainly in the manufacturing and selling of sugar, chemicals, ethanol and co-generation and sale of power.
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