Avadh Sugar & Energy Ltd share Price Today

Avadh Sugar has 31800 TCD sugarcane crushing capacity 325 KLD distillery capacity & 74 MW saleable power capacity. The company produces 6.0 lakh tonnes (lt) of sugar, 8 crore litre of ethanol & 15 crore units of saleable power.

• The company has increased its distillery capacity from 240 KLD to 325 KLD with a capex of Rs 135 crore. This would help it increase its annual ethanol production to 11 crore litre

Avadh reported sales growth of 11.2% led by strong ethanol sales

• Sales up 11.2% to Rs 688.1 crore led by 47.3% growth in ethanol revenues
• EBITDA was at Rs 64.2 crore, down 8.3% YoY, with margins at 9.3%
• Consequent PAT was Rs 19.7 crore (up 3.9%) impacted by dip in EBITDA

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