Net sales rose by 4.5% YoY to Rs 538.11 crore in the second quarter.

Total expenses increased by 5.4% to Rs 537.25 crore during the period under review, due to higher raw material costs (up 5.4x YoY) and higher other expenses (up 50.3% YoY).

Profit before tax in Q2 FY24 stood at Rs 1.23 crore, down by 88.1% from Rs 10.32 crore in Q2 FY22.

Dhampur Bio Organics is engaged mainly in the manufacturing and selling of sugar, chemicals, ethanol and co-generation and sale of power.