Shree Renuka Sugars Ltd.

NSE: RENUKA | BSE: 532670 | ISIN: INE087H01022 | Industry: Sugar
| Expensive Performer
48.45 -0.90 (-1.82%)
NSE Feb 02, 2023 15:56 PM
Volume: 7.8M

Result Updates Alert
Shree Renuka Sugars Ltd.    
11 Nov 2022

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.


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