Magadh Sugar & Energy Reports Q2 & H1FY25 Financial Results

Magadh Sugar & Energy Reports Q2 & H1FY25 Financial Results

By Nishang Narayan

Published on November 15, 2024

Magadh Sugar & Energy Limited (MSEL) has reported its unaudited financial results for the Quarter and Half Year ended September 30, 2024, showing significant strides in revenue growth despite challenges in profitability. The company's performance reflects the ongoing efforts to navigate the evolving landscape of the sugar industry.

Financial Highlights:

Q2FY25:

  • Total Income stood at Rs. 324 Cr, up from Rs. 289 Cr in Q2FY24.
  • EBITDA for the quarter was Rs. 21 Cr, down from Rs. 33 Cr in the same period last year.
  • PAT was Rs. 5 Cr, a decrease from Rs. 15 Cr in Q2FY24.

H1FY25:

  • Total Income reached Rs. 684 Cr, compared to Rs. 590 Cr in H1FY24.
  • EBITDA for the half year was Rs. 57 Cr, down from Rs. 72 Cr in H1FY24.
  • PAT for the half year was Rs. 17 Cr, compared to Rs. 31 Cr in H1FY24.

Chairperson’s Comments: Mr. C.S. Nopany, Chairperson of Magadh Sugar & Energy Ltd, expressed optimism despite the industry's challenges. He highlighted the potential benefits of the recent government decision to lift restrictions on the use of cane juice, syrup, and B-heavy molasses for ethanol production. Mr. Nopany emphasized the importance of continued policy support to both the sugar and ethanol sectors, which will help ensure operational efficiency and growth.

image

“We remain committed to driving sustainable growth through strategic investments in our production capacity,” Mr. Nopany stated. The ongoing capital expenditure program, focused on increasing crushing capacity and improving steam-saving measures at the Narkatiaganj unit, will be operational with the new crushing season in 2024-25.

About Magadh Sugar & Energy Limited: 

Magadh Sugar & Energy Limited, incorporated in 2015, operates three sugar mills across Bihar with a combined crushing capacity of 21,500 TCD. The company also runs two ethanol distilleries and a co-generation power facility capable of generating 38 MW of power. The company’s strategic focus remains on expanding production and enhancing sustainability, positioning itself for continued growth in the sugar and ethanol industries.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

By Manu Vardhan Kannan

Published on August 18, 2025

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.

ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.

Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.

Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,

"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."

ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

Published on August 10, 2025

Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.

Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.

Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.

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.