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.”
