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.”