Uttam Sugar Mills surges on reporting 15% rise in Q4 net profit
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Uttam Sugar Mills is currently trading at Rs. 277.15, up by 4.65 points or 1.71% from its previous closing of Rs. 272.50 on the BSE.
The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 279.95 and Rs. 275.45 respectively. So far 2635 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.50 on 11-Jan-2023 and a 52 week low of Rs. 209.00 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 283.45 and Rs. 269.50 respectively. The current market cap of the company is Rs. 1061.77 crore.
The promoters holding in the company stood at 72.85%, while Institutions and Non-Institutions held 0.60% and 26.55% respectively.
Uttam Sugar Mills has reported 14.64% rise in its net profit at Rs 70.00 crore for fourth quarter ended March 31, 2023 as compared to Rs 61.06 crore for the same quarter in the previous year. Total income of the company increased by 6.43% at Rs 530.12 crore for Q4FY23 as compared to Rs 498.09 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 8.38% fall in its net profit at Rs 123.62 crore as compared to Rs 134.92 crore for the previous year. However, total income of the company increased by 0.86% at Rs 2,067.68 crore for year under review as compared to Rs 2,050.01 crore for year ended March 31, 2022.
