It looks like sugar mills are having a great time this quarter in the midst of all the pandemic pressures. Dalmia Bharat Sugars reported more than 2-fold jump in net profits to Rs.126 crore for the Jun-20 quarter. Total revenues for the Jun-20 quarter were sharply higher at Rs.898 crore in Jun-20 quarter against Rs.594 crore in the Jun-19 quarter.

Revenues in the quarter got a big boost from the also includes Rs 132 crore sugar export subsidy for undertaking exports in 2019-20 season as per the government's maximum admissible export quantity (MAEQ) order. Dalmia has also diversified into the manufacture of hand sanitizers.