Dhampur Sugar Mills on Monday posted a 38 per cent drop in its consolidated net profit at Rs 51.02 crore for the third quarter of the 2019-20 on sluggish revenues.
The company had reported a net profit of Rs 82.04 crore for the October-December quarter of the 2018-19, according to the BSE filing.
Net income declined on a consolidated basis to Rs 822.15 crore during the third quarter of this fiscal from Rs 799.43 crore in the same quarter of the 2018-19.
Expenses also increased to Rs 768.88 crore from Rs 710.42 crore in the said period.
The company has declared an interim dividend of Rs 6 per equity share of 10 each for the 2019-20 financial year.
Dhampur International, EHAAT Ltd and DETS Ltd are three subsidiaries of Uttar Pradesh-based Dhampur Sugar Mills.
The company's shares fell 5.02 per cent to close at Rs 192.10 a piece on the BSE on Monday.
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