Sugar company Zuari Industries announced Q1FY25 results: Standalone Revenue from Operations: Rs 214.5 crore, up 30% compared to Q1FY24. Standalone Operating EBITDA: Rs 23.5 crore, up 159% compared to Q1FY24. SPE Division Performance: Sugar recovery increased to 12.47% from 9.30% in Q1FY24. Ethanol production rose to 8,965 KL from 6,570 KL in Q1FY24. Sugar sales increased by 75,000 quintals. Ethanol sales increased by 2,600 KL. Real Estate Performance: Muted due to delays in land monetization activities. Consolidated Revenue: Rs 242 crore, down 14.8% compared to Q1FY24. Consolidated Profit Before Tax (PBT): Rs -34.28 crore, improved from Rs -45.58 crore in Q1FY24. Consolidated Profit After Tax (PAT): Rs -33.60 crore, improved from Rs -47.54 crore in Q1FY24. Investment Services Segment: EBITDA increased to Rs 3.58 crore, up 99.7% compared to Q1FY24. Borrowing Costs: Reduced by 20 basis points QoQ. Distillery Construction: The first 180 KLPD grain-based distillery under ZEBPL (a joint venture) is underway and expected to be commissioned by mid-2025. Commenting on the Results, Athar Shahab, Managing Director, Zuari Industries, said: “ During this quarter, the Company has been able to sustain and improve its operational performance. Our Sugar, Power and Ethanol business has registered significant improvement in operational metrics. Despite facing headwinds on sugar cane yield and availability, the Company has been able to register higher sugar recovery, higher sugar sales and higher ethanol production. Our subsidiaries and JVs are on growth trajectory, and we continue to strategically evaluate them based on their operational and financial performance.During the quarter, our strategic investments has done exceptionally well. Our capital allocation focus remains on growing our key operating businesses which includes SPE, Real Estate and Bioenergy. We are on track to complete the Repair and Maintenance (R&M;) of SPE Division in a timely manner, and we are accelerating our efforts to monetize land assets. We continue to deleverage and refinance high-cost borrowings with cheaper sources of funds. Result PDF