Uttam Sugar Mills

** Shares of Indian sugar producers fall after Reuters reported government considering restricting use of sugarcane for ethanol production in the season beginning October

** Uttam Sugar Mills UTSM.NS falls nearly 4%

** Balrampur Chini BACH.NS, Bannari Amman Sugars BANN.NS, Dwarikesh Sugar DWAR.NS, Magadh Sugar MGAD.NS, Ugar Sugar Works UGSW.NS, Shree Renuka Sugars SRES.NS and Avadh Sugar AVAD.NS decline between 0.1% and 1%

** Proposed restrictions would cover ethanol made from sugarcane juice and B-heavy molasses, government and industry sources told Reuters

** A government spokesperson did not immediately respond to Reuters request for comment

(Reporting by Surbhi Misra in Bengaluru)

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Aug 10 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• JUNE-QUARTER CONSOL NET PROFIT 12.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.06 BILLION RUPEES

Further company coverage: UTSM.NS

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By Rajendra Jadhav

MUMBAI, Aug 5 (Reuters) - Indian sugar prices have jumped 10% over the past month to a record high and are expected to remain elevated for at least the next three months as supplies tighten and festival demand gathers pace, traders and industry officials told Reuters.

Rising prices will add to retail inflation that breached the central bank's target for the first time in 17 months in June, and prompt New Delhi to take further measures to curb prices after banning exports and imposing stock limits last month.

The rally is also expected to boost margins for sugar producers such as Balrampur Chini BACH.NS, Dwarikesh Sugar DWAR.NS, Shree Renuka Sugars SRES.NS and Dalmia Bharat Sugar DLMI.NS, dealers said.

Wholesale sugar prices in Kolhapur, a key trading hub in the western state of Maharashtra, have risen nearly 10.2% over the past month to a record 4,716 Indian rupees per 100 kg.

"Demand has picked up ahead of the festival season, but mills are holding back supplies and releasing stocks gradually, expecting prices to climb further," said Ashok Jain, president of the Bombay Sugar Merchants Association.

India's sugar demand typically rises from August to November as the country celebrates major festivals such as Ganesh Chaturthi, Dussehra and Diwali, when consumption of traditional sweets and confectionery increases.

Sugar inventories held by mills at the start of the new season on October 1 are expected to fall to about 3.5 million tons, the lowest level in more than three decades, after production in the current season fell short of annual consumption and mills exported about 800,000 tons of sugar.

"Supplies will improve only after mills begin crushing the new-season crop in November. Until then, the market will have to rely on this season's production, which was insufficient," said a Mumbai-based trader.

Bulk consumers such as biscuit and confectionery makers and soft drink and beverage companies are building inventories ahead of the festival season, buying sugar despite elevated prices to avoid shortages during the peak demand period, he said.

(Reporting by Rajendra Jadhav; Editing by Leroy Leo)

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May 15 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• DIVIDEND OF 2.5 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 547.6 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 4.70 BILLION RUPEES

Source text: ID:nNSE60rtSS

Further company coverage: UTSM.NS

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** Shares of Uttam Sugar Mills UTSM.NS rise about 4% to 248.85 rupees

** Will snap six sessions of losses, if gains hold

** Co's unit to expand its distillery capacity from 40 KLPD to 160 KLPD by March 2027, with an investment of 1.1 billion rupees ($12.4 million)

** Says move aligns with India's ethanol blending policy to promote eco-friendly fuel and reduce foreign exchange outflow

** UTSM down ~4% YTD

($1 = 88.7500 Indian rupees)

(Reporting by Urvi Dugar)

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Feb 14 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• DEC-QUARTER CONSOL NET PROFIT 312 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.25 BILLION RUPEES

Source text: ID:nBSE4gxbBP

Further company coverage: UTSM.NS

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Aug 14 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• UTTAM SUGAR MILLS LTD JUNE-QUARTER PROFIT 64.3 MILLION RUPEES

• UTTAM SUGAR MILLS LTD JUNE-QUARTER REVENUE FROM OPERATIONS 4.54 BILLION RUPEES

Source text for Eikon: ID:nBSEm1ftd

Further company coverage: UTSM.NS

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** Shares of Uttam Sugar Mills UTSM.NS down as much as 5.1% to 333.75 rupees; last down 4.7%

** Co on Monday reported a near 40% Y/Y fall in its Q4 profit; revenue from operations fell 11.8%

** More than 115,000 shares change hands as of 12:48 p.m. IST, 0.8x 30-day average

** Stock on track for a fourth consecutive session of losses, if trend holds

** Including session's move, stock is down 17.4% YTD, outpacing fall in its peers Dhampur Sugar Mills DAMS.NS and Balrampur Chini Mills BACH.NS which are down 12.3% and 7.7%, respectively

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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May 6 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• MARCH-QUARTER PROFIT 421.4 MILLION RUPEES VERSUS 700 MILLION RUPEES YEAR AGO

• MARCH-QUARTER REVENUE FROM OPERATIONS 4.65 BILLION RUPEES VERSUS 5.27 BILLION RUPEES YEAR AGO

• DIVIDEND 2.5 RUPEES PER SHARE

Further company coverage: UTSM.NS

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Feb 27 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• UTTAM SUGAR MILLS LTD - ACQUISITION OF MAJORITY STAKE IN UTTAM DISTILLERIES

Source text for Eikon: [ID:]

Further company coverage: UTSM.NS

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Jan 31 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• UTTAM SUGAR MILLS DEC-QUARTER PROFIT 434.7 MILLION RUPEES VERSUS PROFIT 260.6 MILLION RUPEES

• UTTAM SUGAR MILLS DEC-QUARTER REVENUE FROM OPERATIONS 5.18 BILLION RUPEES VERSUS 4.72 BILLION RUPEES

Source text for Eikon: ID:nBSE2slzQJ

Further company coverage: UTSM.NS

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Jan 18 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• INCREASE IN DISTILLERY CAPACITY (ETHANOL) COMMISSIONED

• INCREASE IN DISTILLERY CAPACITY (ETHANOL) FROM 150 KLPD TO 250 KLPD AT BARKARTPUR PLANT

Source text for Eikon: ID:nBSEbsRHRf

Further company coverage: UTSM.NS

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Nov 7 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• INDIA'S UTTAM SUGAR MILLS SEPT-QUARTER PROFIT 156.3 MILLION RUPEES VERSUS LOSS 100.4 MILLION RUPEES

• UTTAM SUGAR MILLS SEPT-QUARTER REVENUE FROM OPERATIONS 6.04 BILLION RUPEES VERSUS 4.55 BILLION RUPEES

Source text for Eikon: ID:nBSE3wK2FF

Further company coverage: UTSM.NS

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Nov 6 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• UTTAM SUGAR MILLS LTD SEPT-QUARTER PROFIT 156.3 MILLION RUPEES VERSUS LOSS 100.4 MILLION RUPEES

• UTTAM SUGAR MILLS LTD SEPT-QUARTER REVENUE FROM OPERATIONS 6.04 BILLION RUPEES VERSUS 4.55 BILLION RUPEES

Source text for Eikon: ID:nBSE6zHmSF

Further company coverage: UTSM.NS

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** Shares of Uttam Sugar Mills Ltd UTSM.NS rise as much as 3.61% after co reports 14.6% YoY growth in Q4 profit

** Revenue from ops up 7.5%; also declared a dividend of 2.50 rupees per share

** Stock above 50-day, 100-day and 200-day exponential moving averages since April 18, suggesting bullish trend

** More than 81,000 shares change hands in early trade vs 30-day avg of ~134,100 shares

** Stock down 5.36% as of last close this year, against a 19.6% growth in the same period in 2022

(Reporting by Ashish Chandra in Bengaluru)

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May 15 (Reuters) - Uttam Sugar Mills Ltd UTSM.NS:

• RECOMMENDED DIVIDEND OF 2.50 RUPEES PER SHARE

Source text for Eikon: ID:nNSE7lB69N

Further company coverage: UTSM.NS

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