Hot Pursuit     13-Feb-17
Uttam Sugar Mills sweetens after turnaround Q3 earnings
Uttam Sugar Mills rose 1.83% to Rs 100 at 11:42 IST on BSE after the company reported net profit of Rs 30.75 crore in Q3 December 2016 as compared with net loss of Rs 16.40 crore in Q3 December 2015.
The result was announced after market hours on Friday, 10 February 2017.

Meanwhile, the S&P BSE Sensex was down 16.34 points, or 0.06%, to 28,317.91.

On the BSE, 42,000 shares were traded on the counter so far as against the average daily volumes of 46,530 shares in the past one quarter. The stock had hit a high of Rs 103.10 and a low of Rs 99.50 so far during the day.

The stock had hit a 52-week high of Rs 103.50 on 10 February 2017 and a 52-week low of Rs 16.55 on 17 February 2016. The stock had outperformed the market over the past one month till 10 February 2017, advancing 26.46% compared with the Sensex's 5.33% rise. The scrip had also outperformed the market over the past one quarter advancing 86.51% as against the Sensex's 2.97% rise.

The small-cap company has equity capital of Rs 38.14 crore. Face value per share is Rs 10.

Uttam Sugar Mills' net sales fell 4.81% to Rs 225.77 crore in Q3 December 2016 over Q3 December 2015.

Uttam Sugar Mills is engaged in production of sugar, ethanol and generation of power. The company operates in three business segments: sugar, cogeneration and distillery

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