10/23/2017 Profitability at a sweet spot for sugar companies - The Economic Times https://economictimes.indiatimes.com/markets/stocks/news/profitability-at-a-sweet-spot-for-sugar-companies/articleshow/61140820.cms 1/17 News Oct 23, 2017, 03.42 PM IST LATEST NEWS Profit up 5 times in Q2, shares soar 6 times in 2017; should you invest in this firm? SECTIONS ET APPS ENGLISH E-PAPER FOLLOW US LOGIN & EARN POINTS START NOW ET Home › Markets › Stocks › News ई-ट माक ट एप डाउनलोड कर CHOOSE LANGUAGE ससेस 32,506 116.76 नट 50 10,184 38.30 सोना (एमसीएस) (₹/10 … 29,450.00 -104.00 यूएसडी/भारतीय … 65.03 -0.04 पोटफोलयो बनाएं HIN Gujarat Polls No date, but Gujarat in middle of poll season PM Narendra Modi on his 5th visit to Gujarat since September, inaugurated and laid the foundation of a slew of development projects but not without taking potshots at the Congress Invest Smart Go for value-for-money insurance with Return of Premium plans Are you ready for your afterlife? Death, Disability and Disease – Fears of a modern lifestyle Top Trending Terms Silver Price Gold Rate Top Gainers Share Market Infosys Share Price SBI Share Price Sensex Nifty 50 Upcoming IPO Crude Oil Price SPOTLIGHT By , ET Bureau | Updated: Oct 19, 2017, 11.27 AM IST While some domestic sugar mills saw profit margins more than double, a few other ailing sugar producers reported profits for the first time after several years. Profitability at a sweet spot for sugar companies Hyderabad: Better realisation results in improved profits after several years; debt reduction of 19.6% since Aug 2016 is the largest among all sectors, says RBI The Indian sugar industry is seeing profits improve after a gap of several years with impressive realisations in the past one year resulting in debt burden shrinking by at least a fifth. This substantial reduction in debt burden has helped the industry post its highest ever profitability in recent past, which in turn could bolster profitability in more quarters to come, said industry representatives and sector analysts. While some domestic sugar mills saw profit margins more than double, a few other ailing sugar producers reported profits for the first time after several years. The latest Reserve Bank of India data on deployment of gross bank credit shows the domestic sugar industry has reduced its debt burden by 19.6%, from ` . 34,800 crore in August 2016 to `. 28,000 crore in August this year the highest debt reduction among all sectors. “We have seen substantial re duction in our long-term debt and are seeing im proved profitabil ity,“ says Tarun Sawhney, vice chairman and managing direc tor of one of In dia's largest sug ar producers, Triveni Engineer ing and Industri es. “Besides, it has also helped improve our credit rating, which in turn has helped us negotiate interest rates with banks.“ Triveni Engineering BSE 4.06 % saw its op erating profit margin more than double to 19% in FY17 from 8% in FY16. Others like Balrampur Chini Mills BSE 1.86 % , Sakthi Sugars BSE 2.57 % and Dhampur Sugar Mills BSE 6.02 % were among the top 20 sugar producers reporting operating profit margins of 26%, 15% and 21% respectively in FY17, significantly up from 16%, 9% and 10% in FY16. Hyderabad-based Gayatri Sug ars, which was incurring losses from 2010-11, reported a profit for the first time in 2016-17. It has registered a profit of `. 10 crore com . 13.52 crore in the pared to a loss of ` previous fiscal. Try this new hair re-growth trick. Its easy. Nutralyfe Re-Gain 10 days' hair oil - Proven new hair growth results! Rathira Ayurveda Recommended By Colombia “It has been a result of stable sugar prices in the past one year which has helped the Ashish Kulshrestha 0 Comments 3.85 (4.12%) … 0.55 (2.17%) … -6.30 (-0.16%) Company Summary NSE BSE Triveni E Sakthi Su ICRA EXPAND TO VIEW ALL 03:43 PM | 23 OCT MARKET STATS EOD Search for News, Stock Quotes & NAV's News Live Blog Analysis Recos Earnings ETMarkets Podcast Market Paathshala Announcements Policy Market Calendar Stock Price Quotes Home Markets Stocks IPOs/FPOs Markets Data Market Moguls Expert View Technicals Commodities Forex Mobile Apps More New