Avadh & Magadh Sugar Report Q3 & 9MFY25 Results: Mixed Performance Amid Industry Challenges

Avadh & Magadh Sugar Report Q3 & 9MFY25 Results: Mixed Performance Amid Industry Challenges

By Nishang Narayan

Published on February 16, 2025

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.”

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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.

Radisson Hotel Group Eyes 500 Hotels in India by 2030, Says Nikhil Sharma

Radisson Hotel Group Eyes 500 Hotels in India by 2030, Says Nikhil Sharma

By Manu Vardhan Kannan

Published on August 4, 2026

Radisson Hotel Group is strengthening its long-term growth strategy in India, with plans to reach 500 hotels by 2030 by expanding across emerging urban centres, regional towns, leisure destinations and religious tourism hubs. The company believes India's growing domestic travel market and rising investor confidence will continue to drive its next phase of expansion.

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Speaking about the group's growth plans, Nikhil Sharma, Managing Director & COO, South Asia, said India has become one of Radisson Hotel Group's key global growth markets.

"Without question. India has evolved from being an important market to becoming one of Radisson Hotel Group's strategic growth engines globally."

Highlighting the company's progress, Sharma said Radisson signed 18 hotels and opened four new properties during the first half of 2026. This has taken its development pipeline to 98 hotels, while its operational portfolio now stands at 142 hotels across 86 cities.

Over the next two years, the company will focus on three major priorities—accelerating the conversion of its existing hotel pipeline into operational properties, expanding further into Tier II, III and IV markets, and diversifying its portfolio across business destinations, leisure locations and religious tourism centres.

Sharma said Radisson's expansion strategy now extends well beyond India's traditional metro cities. The group is strengthening its presence in emerging commercial and industrial centres such as Rajkot and Jamshedpur, gateway destinations like Siliguri, leisure markets including Kasauli and Gopalpur, and fast-growing spiritual destinations such as Nathdwara and Prayagraj.

According to Sharma, more than half of Radisson's portfolio in India is already located in Tier II and III cities, giving the company a strong position as travel demand continues to grow beyond major metropolitan markets such as Delhi, Mumbai, Bengaluru and Hyderabad.

On the company's development strategy, Sharma said Radisson will continue with its asset-light model, with management contracts remaining its preferred approach. He added that hotel conversions are becoming an increasingly important part of the group's expansion strategy.

"Conversions allow us to bring quality inventory to market much faster while creating value for owners." Alongside conversions, Radisson will continue to pursue greenfield developments in destinations where branded hotel supply is still developing, evaluating each project based on long-term demand, owner capability and its strategic value to the network.

Addressing concerns around geopolitical tensions in West Asia and rising aviation costs, Sharma said the company has not seen any significant impact on bookings across its portfolio.

"At this stage, we are closely monitoring the situation, but we have not seen any significant impact on overall booking trends across our portfolio." He noted that India's hospitality sector remains well supported by strong domestic travel demand.

Sharma also reiterated the industry's call for policy reforms to support hotel development, including wider implementation of infrastructure status across states and streamlined single-window clearance systems to improve project viability and reduce approval timelines.

He identified Odisha, Jharkhand, Assam, Meghalaya, West Bengal and Andhra Pradesh as key growth markets, driven by better air connectivity, expanding highway infrastructure and increasing government investment.

"The next phase of hospitality growth will increasingly be driven by these emerging destinations rather than the traditional gateway metros." On the overall market outlook, Sharma described the current performance of India's hospitality sector as a healthy correction following the exceptional post-pandemic period.

"We would describe it as a healthy normalisation rather than a slowdown." He also dismissed concerns over a structural decline in corporate travel, stating that businesses are becoming more focused on value and productivity rather than reducing travel altogether.

"Companies are certainly becoming more disciplined in how they travel, but they are not travelling less. What has changed is that travel decisions today are more outcome-driven, with greater emphasis on productivity, flexibility and value."

Looking ahead, Sharma believes the biggest growth opportunities for the hospitality sector lie in the convergence of MICE, destination weddings and religious tourism, which continue to drive demand across emerging destinations in India.


Suba Group of Hotels Launches Quality Inn Bhavishya in Bangalore

Suba Group of Hotels Launches Quality Inn Bhavishya in Bangalore

By Manu Vardhan Kannan

Published on August 3, 2026

Suba Group of Hotels has expanded its presence in Bengaluru with the launch of Quality Inn Bhavishya in partnership with Choice Hotels International. Opening its doors on 3 August 2026, the new hotel marks the group's sixth property in Bangalore, further strengthening its footprint in one of India's leading business destinations.

Located in the heart of Whitefield, the upscale hotel is thoughtfully designed for today's corporate travellers, expatriates and leisure guests. It blends international hospitality standards with warm Indian service to deliver a comfortable and welcoming stay.

The hotel offers convenient access to major IT parks, multinational companies, shopping destinations and entertainment hubs, making it an ideal choice for both business and leisure visits to Bengaluru.

Guests can expect elegant accommodation, modern amenities, high-speed internet, personalised service and quality dining experiences, ensuring a seamless and memorable stay.

  • Address: Plot No. 9, Survey No. 77, 1, 7th Cross Road, Phase 2, Brookfield, Bangalore, Karnataka, India – 560048.

Lemon Tree Hotels Opens Keys Prima in Mussoorie, Expands Uttarakhand Portfolio to 10 Hotels

Lemon Tree Hotels Opens Keys Prima in Mussoorie, Expands Uttarakhand Portfolio to 10 Hotels

By Manu Vardhan Kannan

Published on August 2, 2026

Lemon Tree Hotels Limited has announced the opening of Keys Prima by Lemon Tree Hotels, Kempty Road, Mussoorie, marking the group's second operational property in the popular hill station. With this launch, the company has expanded its operational portfolio in Uttarakhand to 10 hotels, while 11 additional properties remain under development across the state.

The hotel is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. Nestled along Kempty Road against the scenic backdrop of the Garhwal Himalayas, the property features 47 thoughtfully designed rooms and suites across Superior, Deluxe, Executive and Studio Suite categories. Designed to cater to both leisure and social travellers, the hotel offers an upper midscale hospitality experience with a range of modern amenities.

Guests can enjoy all-day dining at Keys Café or relax with beverages at Unlock Bar. The property also features a swimming pool, fitness centre, spa, and a dedicated kids' zone. For meetings, conferences, weddings and social gatherings, the hotel offers Grand Chamber, a well-equipped banquet and conference venue.

Commenting on the opening, Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, "Uttarakhand continues to be one of the most prominent tourism markets in the country, with sustained demand across leisure, pilgrimage and MICE travel through the year. Mussoorie, in particular, is one of those rare destinations whose appeal has endured across generations, retaining its place as one of India's most loved hill stations. The opening of our second hotel here allows us to be part of the destination's timeless appeal while responding to the growing demand for trusted hospitality. With its location on Kempty Road and a product designed to bring together leisure, wellness, dining and celebrations, the hotel is well placed to appeal to the many ways in which guests experience Mussoorie."

The hotel offers convenient connectivity for travellers, located approximately 71 km from Dehradun's Jolly Grant Airport, 44 km from Dehradun Railway Station, and around 10 km from Mussoorie Library Bus Station.

The opening further strengthens Lemon Tree Hotels' multi-brand presence in Uttarakhand, a key market for the company's growth strategy. With 10 operational hotels and 11 more in the pipeline, the hospitality group continues to expand across the state's major leisure and pilgrimage destinations, catering to the rising demand for quality accommodation in one of India's leading tourism markets.

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