Vishwaraj Sugar Industries jumped 16.13% to Rs 141.10 after the company's net profit soared 162% to Rs 30.46 crore on 18.6% decline in net sales to Rs 82.75 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax zoomed 169% to Rs 31.30 crore in Q3 December 2020 from Rs 11.63 crore registered in Q3 December 2019. Current tax expense in quarter ended December 2020 stood at Rs 0.83 crore.The company in its notes to accounts said that the spread of COVID-19 has not impacted the company as it is engaged in manufacturing of sugar, generation of power, production of ethanol, vinegar etc, which falls under the category of essential commodities.
Vishwaraj Sugar Industries has an integrated sugar based unit producing sugar, power, spirits (including iml, industrial spirits and ethanol) and compost. The production facility is located at Belgaum in North West Karnataka.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app