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
|EBITDA Margin (%)||8.23||2.12||13.35||9.02|
|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.”