Directors’ Report

Your Directors have pleasure in presenting the 84th Annual Report and audited financial statements for the Financial Year (FY) ended March 31, 2020.

Financial Results

(₹ In lakhs)

Standalone Consolidated
2019-20 2018-19 2019-20 2018-19
Revenue from operations (Gross) 442357.18 315156.34 443663.22 315173.69
Operating Profit (EBITDA) 57283.31 37668.07 57944.71 37251.70
Finance Cost 7931.70 6798.78 7933.13 6798.71
Depreciation & Amortisation 7489.12 5695.14 7489.12 5695.14
Profit before exceptional items and tax 41862.49 25174.15 42522.46 24757.85
Exceptional Items 282.04 2034.85 - -
Profit before tax (PBT) 42144.53 27209.00 42522.46 24757.85
Tax expense 9396.01 5152.65 11049.25 5152.65
Profit after Tax (PAT). before Share of Net Profit of Associates 32748.52 22056.35 31473.21 19605.20
Share of net profit of Associates - - 2038.61 2022.85
Profit for the year 32748.52 22056.35 33511.82 21628.05
Other Comprehensive income (net of tax) (96.19) (137.34) (282.35) (41.01)
Total Comprehensive income 32652.33 21919.01 33229.47 21587.04
Earning per equity share of ₹ 1 each (in ₹) 13.01 8.55 13.32 8.39
Retained earnings brought forward 25093.73 5371.58 30599.11 9774.25
Appropriation
- Equity dividend (including dividend distribution tax)* 3288.03 2176.78 3288.02 2176.77
- Transfer to/ (withdrawn) from molasses storage fund reserve (net) (75.65) 20.08 (75.65) 20.08
- Share of associates - buyback adjustments during the year - -- -- (1537.69)
Retained earnings carried forward 54533.68 25093.73 60790.80 30599.11

No material changes and commitments affecting the financial position of the company have occurred between end of the financial year of the Company to which these financial statements relate and the date of this report.