Shree Renuka Sugars announced Q2FY23 results: Total income for H1FY23 was up by 84% over the previous year from Rs 22,239 million to Rs 40,925 million. Revenue was driven by volume and price growth across all segments. The EBITDA for H1FY23 stood at Rs 2,205 million, increased by 926% over last year of Rs 215 million. H1 level losses have narrowed down by 33% from last year. PBT (before exceptional items) during the H1 was negative at Rs (1,979) million negative at Rs (2,960) million over the previous year. The distillery produced during H1FY23, 6.71 crs litres with a growth of 149%. Despatches are up by 68% to a record 9.44 crs litres. Our strategy of storing “B” Heavy & “C” molasses ensured that our distilleries ran during the off-season as well. At the consolidated level for H1, The total income went up by 83% over the previous year from Rs 22,856 million to Rs 41,733 million. The overall H1FY23 EBITDA stood at Rs 1,947 million compared to Rs 56 million during the previous year. Losses have narrowed down by 24% from last year. PBT negative at Rs (2,448) million negative at Rs (3,227) million over the previous year. Result PDF