Avadh Sugar posts Rs 29-crore internet revenue in Q2, complete revenue at Rs 799 cr
Avadh Sugar & Energy Ltd, a Ok Ok Birla group firm, has reported a internet revenue of Rs 29 crore for the quarter ended September as towards a lack of Rs 16 crore within the corresponding interval a yr in the past.
Total revenue of the Kolkata-headquartered firm throughout the quarter stood at Rs 799 crore, in comparison with Rs 594 crore within the year-earlier interval.
The EBITDA of the agency additionally got here in increased at Rs 78 crore from Rs 6 crore in July-September final yr, Avadh Sugar & Energy Ltd stated in a launch.
“The firm now proposes to extend sugar cane crushing capability from 10,000 TCD (tonnes of cane crushed per day) to 13,000 TCD, and likewise enhance vitality effectivity, it stated.
The Indian agri-economy was impacted by the El Nino impact in 2023, leading to a rainfall deficit throughout the essential months of the sugarcane cycle. With an anticipated decrease manufacturing within the upcoming sugar season, we count on home sugar costs to stay agency, reinforcing our optimistic outlook on the sector, Co-chairperson C S Nopany stated.
(Only the headline and film of this report could have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Published: Nov 19 2023 | 1:46 PM IST