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Sugar mills seen unscathed despite pricier cane, lower exports - CRISIL equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Sugar mills seen unscathed despite pricier cane, lower exports businessnewsthisweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessnewsthisweek.com Daily Mail and Mail on Sunday newspapers.
Sugar mills to show stable operating profitability on higher domestic sugar prices, rise in ethanol sales, says CRISIL financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
CRISIL Ratings predicts that higher domestic sugar prices and greater sales of ethanol will balance the increase in sugarcane costs and lowered exports in FY2024 leading to steady operating profitability for integrated sugar mills. Integrated sugar mills are those with sugar, distillery, and power co-generation facilities. The prices for these commodities are regulated by the government. ....
Stable operating margins of 15-16% in fiscal 2024, similar to the previous fiscal, will be supported by healthy volume growth and moderating input prices linked to crude oil, Crisil said ....