Results:
Significant margin drop is observed in Q3FY24 in the distillery segment (14% → 11%) irrespective of the uptick in revenues at Batinda as well WB plant.
Need to check with management whether the hike in the ethanol price from Jan can get the EBIT margins back to 15% level or not.
There is some inventory gain in this Quarter either in Oil or distillery segment, if i exclude that then results are not so good due to margin pressure.
Subscribe To Our Free Newsletter |