The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) and Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) took on record the unaudited financial results for the quarter and nine months ended December 31, 2024.

Financial Highlights:

Avadh Sugar & Energy Limited (ASEL)

Q3FY25:

• Total Income: ₹619 Cr (Q3FY24: ₹595 Cr)
• EBITDA: ₹38 Cr (Q3FY24: ₹59 Cr)
• PAT: ₹7 Cr (Q3FY24: ₹22 Cr)

9MFY25:

• Total Income: ₹1,961 Cr (9MFY24: ₹2,076 Cr)
• EBITDA: ₹131 Cr (9MFY24: ₹211 Cr)
• PAT: ₹16 Cr (9MFY24: ₹73 Cr)

Magadh Sugar & Energy Limited (MSEL)

Q3FY25:

• Total Income: ₹285 Cr (Q3FY24: ₹219 Cr)
• EBITDA: ₹40 Cr (Q3FY24: ₹62 Cr)
• PAT: ₹21 Cr (Q3FY24: ₹39 Cr)

9MFY25:

• Total Income: ₹969 Cr (9MFY24: ₹810 Cr)
• EBITDA: ₹97 Cr (9MFY24: ₹134 Cr)
• PAT: ₹38 Cr (9MFY24: ₹70 Cr)

Management Commentary:

C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd:

“The sugar season 2024-25 has presented a mixed outlook, with challenges such as lower cane yields and lower recovery in key states like Uttar Pradesh, Maharashtra, and Karnataka affecting production. Despite these setbacks, we remain optimistic about long-term growth. However, rising production costs and stagnant ethanol prices call for timely policy adjustments.

At Avadh, we are focused on sustainable expansion, and with the upcoming completion of our crushing enhancement at the Hargaon unit for the 2025-26 season, we expect further value creation.”

C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd:

“The industry is facing a decline in production due to lower cane availability and recovery, along with a shift toward ethanol. Despite these challenges, our ability to adapt and invest in expansion positions us well for long-term growth.

At Magadh, we are committed to sustainability and are enhancing our crushing capacity and implementing steam-saving measures at our Narkatiaganj unit, which is now operational for the 2024-25 crushing season. With the right policy support, the sugar industry can continue to play a crucial role in India's economy.”

About Avadh Sugar & Energy Limited

• CIN: L15122UP2015PLC069635
• Specializes in sugar, spirits, ethanol, cogeneration, and by-products of sugar manufacturing.
• Operates four sugar mills in Uttar Pradesh: Hargaon, Seohara, Hata, and Rosa, with a total crushing capacity of 34,800 TCD.
• Two distilleries at Hargaon and Seohara with a combined ethanol capacity of 325 KLPD.
• Cogeneration facility generating 74 MW power.

About Magadh Sugar & Energy Limited

• CIN: L15122UP2015PLC069632
• Engaged in sugar manufacturing, ethanol production, and power generation.
• Operates three sugar mills in Bihar: Narkatiaganj, Sidhwalia, and Hasanpur, with a total crushing capacity of 21,500 TCD.
• Two distilleries at Narkatiaganj and Sidhwalia with a combined ethanol capacity of 155 KLPD.
• Cogeneration facility generating 38 MW power.