Quarterly Earnings Release | Q1FY25 | ASEL
The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) at its meeting held on August 12, 2024 took on record the unaudited Financial Results for the Quarter Ended 30th June 2024.
Q1FY25
§ Total Income in Q1FY25 at Rs. 708 Cr as against Rs. 682 Cr in Q1FY24.
§ EBITDA in Q1FY25 at Rs 57 Cr as against Rs 73 Cr in Q1FY24.
§ PAT in Q1FY25 at Rs 9 Cr as against Rs 22 Cr in Q1FY24.
Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said:
“ Our recent financial results reflect the strength and resilience of our strategic initiatives. By focusing on robust crop varieties and enhancing our infrastructure, we’ve not only optimized our yield but also positioned ourselves for sustained growth. The progress in ethanol blending program and the successful execution of our capital expenditure for increased crushing capacity underscore our commitment to long-term value creation. We remain confident in our ability to navigate market dynamics and drive future success.
At Avadh Sugar, our strategic vision is to harness growth opportunities with precision and foresight, creating enduring value for all stakeholders. As we advance towards a future rich with potential, we are committed to enhancing our sugarcane crushing capacity and improving energy efficiencies across our operations.”
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Quarterly Earnings Release | Q1 FY25 | MSEL |
Kolkata, West Bengal, August 13, 2024: The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) at its meeting held on August 13, 2024, took on record the unaudited Financial Results for the Quarter ended June 30, 2024.
Financial & Operational Highlights:
Q1FY25
§ Total Income in Q1FY25 at Rs 360 Cr as against Rs 301 Cr in Q1FY24.
§ EBITDA in Q1FY25 at Rs 36 Cr as against Rs 38 Cr in Q1FY24.
§ PAT in Q1FY25 at Rs 11 Cr as against Rs 16 Cr in Q1FY24.
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said:
“The Indian Sugar Industry continues to demonstrate remarkable resilience, adapting robustly to challenges such as increasing sugarcane prices and shifting ethanol procurement policies. Our steadfast commitment to sustainable practices and a holistic strategy remains central to our approach. Looking forward, the industry is well-positioned for significant growth in the coming year, with projections indicating a rise in production. This anticipated increase is expected to strengthen closing stocks and unlock new opportunities for expanding export markets.
At Magadh Sugar & Energy Ltd, we are excited to announce that our expansion initiatives are progressing as planned. We have elevated our capital investment to support capacity upgrades and facility enhancements, reflecting our deep commitment to growth. Our focus remains on generating value for all our stakeholders, as our dedicated team strives to achieve excellence, foster innovation, and secure the long-term success of our company.
