Sugar company Avadh Sugar & Energy announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income in Q4FY25 at Rs 678 crore as against Rs 621 crore in Q4FY24. EBITDA in Q4FY25 at Rs 149 crore as against Rs 122 crore in Q4FY24. PAT in Q4FY25 at Rs 72 crore as against Rs 55 crore in Q4FY24. FY25 Financial Highlights: Total Income in FY25 at Rs 2,639 crore as against Rs 2,697 crore in FY24. EBITDA in FY25 at Rs 280 crore as against Rs 334 crore in FY24. PAT in FY25 at Rs 88 crore as against Rs 128 crore in FY24. The Board has recommended a Dividend of 100% of the Face Value, that is, Rs 10 per Equity Share for FY25. Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy said: “With sugar production in Uttar Pradesh expected to decline due to lower yields and lower recoveries in the 2024-25 crushing season, but with strong opening stocks and higher anticipated production next season, India’s sugar industry is not only well-positioned to meet domestic needs but also to re-enter global markets confidently. We foresee a season of stability and opportunity, balancing export potential with assured supply for domestic consumers and ethanol blending programs. At Avadh, while we acknowledge these near-term headwinds, we remain committed to sustainable growth with our ongoing capex program. We believe the sector can rebound strongly in the 2025-26 season and beyond” Result PDF
Sugar company Avadh Sugar & Energy announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total Income in Q2FY25 at Rs 634 crore as against Rs 799 crore in Q2FY24. EBITDA in Q2FY25 at Rs 36 crore as against Rs 78 crore in Q2FY24. PAT in Q2FY25 at Rs 1 crore as against Rs 29 crore in Q2FY24. H1FY25 Financial Highlights: Total Income in H1FY25 at Rs 1,343 crore as against Rs 1,481 crore in H1FY24. EBITDA in H1FY25 at Rs 94 crore as against Rs 151 crore in H1FY24. PAT in H1FY25 at Rs 10 crore as against Rs 51 crore in H1FY24. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy, said: “The sugar season 2023-24 witnessed a subdued ethanol policy with the Government of India restricting the diversion of sugar into ethanol under the apprehension of shortage of sugar in the domestic markets. While these apprehensions were easily overcome, the projections for SS2024-25 remain cautiously optimistic. Our recent performance reflects the resilience of our business model, but the rising production costs and stagnant ethanol prices have created a critical need for timely policy interventions. These adjustments are essential to ensure the financial sustainability of mills, enable timely payments to farmers, and support the government's ambitious ethanol blending targets. By addressing these key issues, we can continue to strengthen our position in the market, improve profitability. At Avadh, we remain focused on long-term growth and are optimistic that with the right policy support, the sugar industry will continue to thrive, delivering value to all our stakeholders." Result PDF
Sugar company Avadh Sugar & Energy announced Q1FY25 results: Total Income in Q1FY25 at Rs 708 crore as against Rs 682 crore in Q1FY24. EBITDA in Q1FY25 at Rs 57 crore as against Rs 73 crore in Q1FY24. PAT in Q1FY25 at Rs 9 crore as against Rs 22 crore in Q1FY24. Commenting on the results, 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.” Result PDF
Sugar Manufacturing company Avadh Sugar & Energy announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Income in Q4FY24 at Rs 621 crore as against Rs 848 crore in Q4FY23. EBITDA in Q4FY24 at Rs 122 crore as against Rs 142 crore in Q4FY23. PAT in Q4FY24 at Rs 55 crore as against Rs 79 crore in Q4FY23 FY24 Financial Highlights: Total Income in FY24 at Rs 2,697 crore as against Rs 2,807 crore in FY23. EBITDA in FY24 at Rs 334 crore as against Rs 264 crore in FY23. PAT in FY24 at Rs 128 crore as against Rs 100 crore in FY23. The Board of Directors has recommended a Dividend of Rs 10 per share on Face Value of Rs 10 each. Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said: " Despite challenges like lower production due to the impact of El Nino and Red Rot disease early in the year, alongside higher costs due to Uttar Pradesh's SAP hike and unforeseen regulatory constraints on sugar exports and ethanol diversion, we have remained resilient. The apprehensions of possible sugar shortage proved to be unfounded with an upward trend in sugar production for SS 2023-24 due to higher sugarcane yield in Maharashtra and Karnataka compared to previous estimates leading to a sense of optimism for industry as a whole in the near future. At Avadh, our strategic vision is centered on seeking growth opportunities and harnessing them carefully to create enduring and sustainable value for our stakeholders. To achieve the growth, the company has now embarked on enhancing its sugarcane crushing capacity and improving energy efficiencies at its various units. Avadh is poised to confidently embrace the future and embark on the next exciting phase of growth” Result PDF
Avadh Sugar & Energy announced Q1FY24 results: Revenue from operations in Q1FY24 at Rs 682 crore as against Rs 688 crore in Q1FY23, lower due to lower allotment of domestic quota of sugar. EBITDA in Q1FY24 at Rs 73 crore as against Rs 64 crore in Q1FY23, YoY growth of 14%. Higher crushing in SS 2022-23 at 602 lakh quintals, as against 534 lakh quintals in SS 2021-22, an increase of 13%. Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy, said: “Despite initial expectations, SS 22-23 has experienced a lower-than-anticipated, domestic sugar production and a notable decline in overall exports. Ethanol has become a mainstay of the Sugar Industry and has not only helped the energy security of the country but has also helped us transform from a sugar company into a bio-fuels organization. At Avadh, we have embraced this transformation, and this is visible in our evolving revenue mix, enhanced margins, and improved leverage. We continue to invest our efforts at cost and production optimization to help deliver strong returns to our stakeholders, keeping a balance between growth and deleveraging.” Result PDF
Sugar company Avadh Sugar & Energy announced FY23 results: Revenue from operations in FY23 at Rs 2,798 crore as against Rs 2,744 crore in FY22 EBIDT in FY23 at Rs 264 crore as against Rs 307 crore in FY22, showing a decline of 14% PAT at Rs 100 crore as against Rs 124 crore in FY22, reflecting a decline of 19% Profitability was impacted due to lower recovery on account of Red Rot disease in Sugarcane The board of directors of the company has declared a dividend of Rs 10 per share on a face value of Rs 10 each Commenting on the results, C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy said: “The Indian Sugar Industry, after a year of record exports, continues to be a bellwether of the global sugar industry and is fueling India’s consumption, energy security, and exports. With a lower than anticipated sugar production and an overall cap on exports, prices are expected to remain stable. Uttar Pradesh saw a lower recovery of sugar due to the dominant sugarcane variety being affected by the Red Rod disease. Avadh had started an aggressive varietal change program and we should start seeing results from the next season onwards. With a higher quantum of crushing in this season ethanol production received a boost. The structural changes over the past few years are reflected in the performance of the industry on the back of reduced cyclicality. At Avadh, reducing our leverage through the reduction of debt and other non-current liabilities has helped the Company create a solid platform for growth as well as improved productivity through our strategic investments. We hope to continue to add value to our stakeholders and look forward to a strong FY24.” Result PDF
Avadh Sugar & Energy announced Q1FY23 Result : Total Income stood at Rs. 688 crores, a growth of 11 % over Rs. 619 crores in Q1 FY22 PBT stood at Rs. 30 crores as against Rs. 29 crores in Q1FY22 Ethanol dispatched at 268 lakh litres, grew by 41% YoY Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said: “The Indian Sugar Industry continues to be propelled by the positive market dynamics and structural changes like robust exports, sustainable ethanol demand and stable sugar realizations. A higher diversion towards ethanol production to meet the blending target of over 10% in 2022-23 is likely maintain the sugar demand and supply balance. At Avadh Sugar, our focus on improved and efficient operations helps us to adapt to the changing market dynamics and financial discipline. Furthermore, our continued investment in the Ethanol sector will help us deliver better margins and enhance stakeholder’s value.” Result PDF
Avadh Sugar & Energy announced Q4FY22 results: Q4FY22: Total Income at Rs. 760 crore PAT at Rs. 51 crore FY22: Total Income at Rs. 2,748 crore PAT at Rs. 124 crore, growth of 59% YoY Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said: “Indian sugar industry witnessed various tailwinds, elevating Indian sugar millers to a strong position globally. The change in global and domestic market dynamics enabled domestic sugar millers to achieve healthy growth. Indian sugar exports played a pivotal role to strengthen sugar realizations in domestic market. Thrust towards ethanol continues to reduce cyclicality in sugar sector. Indian ethanol demand has a huge gap to fill which will continue capex cycle in sugar industry, and with introduction of flexi fuel vehicles, the ethanol demand can reach upto 4,000 crore litres in the next 5 years. At Avadh Sugar & Energy Limited, the recently enhanced Ethanol capacity will improve profitability. The generated free cashflow was utilized towards strengthening balance sheet and repaying outside liabilities. The persistence towards sustainable growth will enable your company to create value for all stakeholders.” Result PDF