Dalmia Bharat Sugar and Industries Limited is seeking to acquire sugar plants in Maharashtra and Karnataka states. B.B. Mehta, Director and Chief Executive Officer of Dalmia Bharat, said, "We are in talks with three factories, two of which are in Maharashtra and one in Karnataka. We expect to acquire one of them before the commencement of the next sugar season, starting October 2013."

Dalmia Bharat Sugar and Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net profit of INR 45.3 million or INR 0.56 per basic and diluted share on net sales of INR 2,565.9 million compared to net loss of INR 39.1 million or INR 0.48 per basic and diluted share on net sales of INR 2,155.7 million a year ago. Total income from operations was INR 2,579.0 million compared to INR 2,215.6 million a year ago. Profit from ordinary activities before tax was INR 42.2 million compared to loss of INR 62.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 168.0 million compared to INR 25.5 million a year ago. For the nine months period, the company reported net profit of INR 113.8 million or INR 1.41 per basic and diluted share on net sales of INR 7,227.6 million compared to net loss of INR 274.3 million or INR 3.39 per basic and diluted share on net sales of INR 5,286.2 million a year ago. Total income from operations was INR 7,292.7 million compared to INR 5,446.8 million a year ago. Profit from ordinary activities before tax was INR 114.1 million compared to loss of INR 411.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 505.6 million compared to loss of INR 77.4 million a year ago.

Dalmia Bharat Sugar and Industries Limited announced that they will report Q3, 2013 results on Feb 07, 2013