Dwarikesh Sugar posts net loss of Rs 23 crore in Q4

NEW DELHI: Dwarikesh Sugar Industries today reported net loss of Rs 23.02 crore for the fourth quarter ended on September 30, 2012-13, due to lower income.

The company had posted net profit of Rs 8.81 crore in the July-September quarter of its last fiscal, 2011-12.

Total income during Q4, 2012-13 decreased to Rs 198.36 crore from Rs 201.48 crore in the year-ago period, the company said in a BSE filing.

For the entire fiscal ended September 30 its total income was Rs 927.61 crore, up from Rs 698.59 crore in 2011-12. Its net loss widened, however, to Rs 19.36 crore in 2012-13, from Rs 11.30 crore last fiscal.

The company has three plants in Uttar Pradesh with combined sugarcane crushing capacity of 21,500 tonne per day.

In a separate filing to the BSE, the company said that L P Aggarwal has been appointed as an independent director on its board.

Dwarikesh scrip closed at Rs 25.95, up 2.37 per cent, on the BSE.