ASEL Financial Results : EBITDA Margin (%) grew by 433 bps

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The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) at its meeting held on 06th November, 2019 took on record the audited Financial Results for the Half year and Quarter ended September 2019.

Particulars (Rs. Crore) Q2

FY20

Q2

FY19

H1

FY20

H1

FY19

Total Income 441.29 480.81 919.93 1076.91
EBITDA 36.35 10.23 122.85 97.15
EBITDA Margin (%) 8.23 2.12 13.35 9.02
PBT -8.61 -23.70 32.70 22.87
PAT -5.76 -18.84 20.61 17.43
EPS (Rs.) NOT ANNUALISED -2.88 -9.41 10.30 8.71

 

 

Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said:

 

“The heavy inventory carried by the industry due to the bumper production in SS 2018-19 kept sugar prices under check even though there was a working capital crunch faced by most mills. Delayed monsoons coupled with late heavy rainfall is expected to dampen production during the Season 2019-20 which should fade out the overhang of inventories due to the aggressive export policy. The Ethanol program continues to gather steam with more distilleries switching to the B Heavy route correcting the sugar imbalanced equation. 

 

 We at Avadh Sugar and Energy Limited strongly believe that the overall changing market dynamics and our continued focus on efficiencies will have a positive impact on our performance and profitability.”

 

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