New Delhi, February 4, 2025 – Dhampur Bio Organics Ltd. (BSE: 543593, NSE: DBOL) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The results were approved by the company’s Board of Directors at its meeting held on February 4, 2025.
Key Financial Highlights (Standalone)
(₹ in Crore)| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 740.50 | 633.58 | 424.78 | 2,011.92 | 1,766.54 | 2,361.16 |
| Other Income | 0.58 | 1.31 | 16.01 | 2.62 | 18.90 | 23.72 |
| Total Income | 741.08 | 634.89 | 440.79 | 2,014.54 | 1,785.44 | 2,384.88 |
| Total Expenses | 748.93 | 669.42 | 447.15 | 2,055.21 | 1,773.79 | 2,318.01 |
| EBITDA | (7.85) | (34.53) | (6.36) | (40.67) | 11.65 | 66.87 |
| Net Profit | (22.46) | (6.21) | (4.16) | (27.56) | 7.60 | 48.82 |
| EPS (₹) | -0.94 | -3.38 | -0.63 | -4.15 | 1.14 | 7.35 |
- The company recorded a YoY revenue growth of 74.4% in Q3 FY25.
- However, it reported a net loss of ₹22.46 crore for the quarter, compared to a profit of ₹7.60 crore in 9M FY24, due to higher finance costs and raw material expenses.
Segment-Wise Performance
(₹ in Crore)| Segment | Q3 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 |
|---|---|---|---|---|
| Sugar | 473.51 | 237.80 | 1,305.04 | 1,152.18 |
| Biofuels & Spirits | 91.72 | 110.98 | 226.33 | 422.86 |
| Country Liquor | 283.25 | 161.94 | 659.80 | 446.70 |
| Total Revenue | 848.48 | 510.72 | 2,191.17 | 2,021.74 |
| Inter-Segment Revenue | 107.98 | 85.94 | 179.25 | 255.20 |
| Total Revenue from Operations | 740.50 | 424.78 | 2,011.92 | 1,766.54 |
- The sugar segment contributed the highest revenue, growing 99% YoY in Q3 FY25.
- The biofuels & spirits division saw a decline, with a YoY decrease of 17.3%, likely impacted by changing demand dynamics.
- Country liquor sales surged by 75% YoY, reflecting strong domestic demand.
Board Announcements & Corporate Actions
- Deferred ESOP Decision – The Board postponed discussions on the Employee Stock Option Scheme for future consideration.
- Remuneration Revisions – Subject to shareholder approval:
- Vijay Kumar Goel (Chairman & Executive Director) and Gautam Goel (Managing Director & CEO) will receive revised compensation.
- Reappointments – Several independent directors were re-appointed for a second five-year term:
- Ashwani Kumar Gupta (Vice Chairman, Independent Director)
- Ruchika Amrish Mehra Kothari (Independent Director)
- Samir Thukral (Independent Director)
- Vishal Saluja (Independent Director)
- Kishor Shah (Independent Director)
Auditor’s Review
The company’s financial results were reviewed by Mittal Gupta & Co., Chartered Accountants, who provided a limited review report. They stated that the financial statements comply with Indian Accounting Standards (Ind AS) and SEBI Listing Regulations, with no material misstatements identified.Strategic Outlook
- The company’s sugar segment continues to perform well, benefiting from strong domestic demand.
- The decline in biofuels & spirits revenue suggests possible market headwinds or lower ethanol blending demand.
- The management remains optimistic about long-term profitability despite the current quarterly losses, emphasizing cost management and expansion strategies.
Market Reaction & Investor Outlook Given the sharp YoY revenue growth but quarterly losses, investor sentiment may remain cautiously optimistic. The strategic emphasis on sugar and liquor businesses is expected to drive future performance.