Business

MSEL Financial Results : Closing stock as on 31st March, 2020 was at 23.78 lakh quintals

The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) at its meeting held on 23rdJune, 2020 took on record the Unaudited Financial Results for the quarter and year ended 31stMarch, 2020.

 

                                                                                                                                                                                                                                                                          

  Particulars (Rs crore)

Q4

FY20

Q4

FY19

FY20

FY19

Total Income

292

209

919

745

EBITDA 80 66 174              107
PBDT 68              56 126 72
PAT 54 33 83 34
Total Comph. Income 54 33 82 34
EPS (Rs.) 38.57* 23.62* 58.93 24.28

 

*Not Annualised

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

 

“After a prolonged glut in sugar production SS 2019/20 is projected to experience a significant decline in production. The major global sugar producing countries also experienced decline in production enabling export demand. Sugar revenue for the quarter remained buoyant which was setback by pandemic in later part of second half. The Minimum Support Price and export quota set by the Government aided the sugar industry. Ethanol was impacted by lower offtake by OMCs on account of nation-wide lockdown.

 

Apart from Covid-19 impact the Company continued its robust performance along with a better sugar recovery rate throughout the year. With the demand revival we envisage the Company to continue its growth trajectory”

 

Key Highlights


·         Closing stock as on  31st March, 2020  was at 23.78  lakh quintals

·         Average domestic realisation in FY20 was Rs 3314 per quintal against Rs 3090  per quintal in FY19

·         Obtained Environment Clearance certificate for the proposed new Molasses based Distillery at Sidhwalia

·         The Board of Directors has recommended dividend  of Rs.4/- per equity share subject to approval of share-holders.

 

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