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.”

image

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.

DYN at Hilton Bangalore Embassy GolfLinks Celebrates India’s Harvest New Year with a Curated Feast

DYN at Hilton Bangalore Embassy GolfLinks Celebrates India’s Harvest New Year with a Curated Feast

By Hariharan U

Published on April 11, 2026

DYN at Hilton Bangalore Embassy GolfLinks ushers in the season of new beginnings with a thoughtfully curated Harvest Feast, celebrating India’s diverse regional New Year traditions this April.

Marking the spirit of harvest and renewal, the experience brings together the essence of Baisakhi, Pohela Boishakh, Tamil Puthandu, and Vishu, offering guests a culinary journey across the country through festive flavours and shared traditions.

The specially curated spread highlights robust Punjabi classics such as Amritsari Chole, Dal Bukhara, and Tandoori Murgh, alongside popular favourites like Paneer Tikka and Jeera Pulao, capturing the hearty and celebratory spirit of Baisakhi.

Drawing inspiration from Bengal’s New Year festivities, the menu features dishes like Basanti Pulao and Cholar Dal, known for their aromatic and festive appeal. Southern traditions are equally showcased with comforting preparations inspired by Puthandu and Vishu, including Avial, Sambar, and Vegetable Thoran, complemented by coconut-rich accompaniments that define South Indian festive dining.

The experience concludes on a sweet note with traditional desserts such as Pinni and Phirni, evoking nostalgia and the warmth of celebratory gatherings across regions.

Set in a relaxed and inviting ambience, the Harvest Feast offers a meaningful way to celebrate the season—whether with family, friends, or simply in appreciation of India’s rich culinary diversity.

Blending regional authenticity with contemporary hospitality, DYN presents a dining experience that reflects the joy of togetherness and the promise of new beginnings.

Event Details:
What: Harvest New Year Feast
Where: DYN
Date: April 13 – April 15, 2026
Time: 12:30 PM – 3:00 PM


Celebrate Tamil Puthandu with a Traditional Virundhu at Reef, Sheraton Grand Chennai

Celebrate Tamil Puthandu with a Traditional Virundhu at Reef, Sheraton Grand Chennai

By Hariharan U

Published on April 11, 2026

Reef at Sheraton Grand Chennai Resort & Spa invites guests to celebrate Tamil Puthandu with a thoughtfully curated Puthandu Virundhu on April 14, offering a soulful and traditional dining experience by the sea.

Rooted in the essence of Tamil culture, the specially designed menu embraces the concept of Arusuvai, the six traditional tastes that symbolise the balance of life. The experience is crafted to evoke a sense of nostalgia, bringing together flavours that feel both comforting and deeply familiar.

Set against a serene coastal backdrop, the lunch unfolds with dishes that celebrate regional authenticity. Guests can savour favourites such as crispy Meen Varuval, spicy Kozhi Melagu Curry, and the sweet indulgence of Paruppu Suhiyam. Traditional preparations like tangy Mangai Pachadi and the comforting Veppampoo Rasam further highlight the festive spread, each dish reflecting the richness of Tamil culinary heritage.

Designed as a relaxed afternoon experience, the celebration combines coastal ambience with homestyle flavours, making it ideal for families and those looking to mark the New Year with meaningful dining.

With its focus on tradition, flavour, and togetherness, the Puthandu Virundhu at Reef promises a heartfelt celebration of new beginnings.

Event Details:
What: Tamil Puthandu Special Lunch
Where: Reef
Date: April 14, 2026
Time: 12:30 PM – 3:30 PM


Nimbus Projects Gets Listed on NSE, Expands Capital Market Access

Nimbus Projects Gets Listed on NSE, Expands Capital Market Access

By Manu Vardhan Kannan

Published on April 8, 2026

Nimbus Projects Limited, a publicly listed real estate developer, has announced its successful listing on the National Stock Exchange of India Limited, marking a significant step in its capital market journey. The company has already been listed on the BSE since 2000, highlighting its long-standing presence in India’s financial markets.

The listing on the NSE is expected to improve stock liquidity, enable better price discovery, and provide access to a wider base of institutional and retail investors. This move further strengthens the company’s position in India’s growing listed real estate space. On its listing day, the company’s stock opened at INR 199 on the NSE.

image

Commenting on the development, Bipin Agarwal, Chairman and Managing Director, Nimbus Projects Limited, said: “The NSE listing represents a strategic step in strengthening our capital market footprint and engaging with a wider investor ecosystem. As we continue to scale our development pipeline, our focus remains on disciplined growth, prudent capital allocation, and delivering sustainable long-term value to all stakeholders.”

Nimbus Projects has been actively expanding its presence across the NCR, focusing on residential and mixed-use developments. The company has developed around 15 million square feet across 13 projects and has served more than 10,000 customers. It currently has close to 3 million square feet under development, continuing its focus on similar asset classes.

With over three decades of experience, the company has built a strong footprint across key micro-markets in Noida and Greater Noida, driven by a consistent and delivery-focused approach.

From a financial perspective, Nimbus Projects has a market capitalisation in the range of ₹350–365 crore, with shares trading close to book value. This reflects a stable valuation aligned with its fundamentals. The company also maintains a balanced capital structure, with its assets and borrowings aligned with its ongoing and planned developments.

Over the years, the company has shown steady balance sheet growth, supported by disciplined execution and a measured approach to expansion.

The NSE listing also highlights a broader trend in India’s real estate sector, where listed developers are gaining importance due to increased transparency, stronger governance, and improved access to institutional funding.

Going ahead, Nimbus Projects plans to expand its development portfolio across high-growth corridors in NCR while continuing to focus on financial discipline and execution excellence.

Nimbus Group, established in 1993, is a diversified real estate and infrastructure development company with a strong presence in the National Capital Region. Over the years, it has delivered several residential and commercial projects across Noida and Greater Noida, contributing to urban development in these emerging areas.

Stay up-to-date with the latest Hospitality news and trends in the Hospitality industry!

Subscribe to Hospitality news e-magazine for free and never miss an issue.

By clicking subscribe for free you agree to the Terms & Conditions and acknowledge our Privacy Policy.

Advertise With Us

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, etc.