Avadh Sugar & Vitality Ltd, a KK Birla group firm, reported a web revenue of Rs 29 crore for the quarter ended September in opposition to a lack of Rs 16 crore within the corresponding interval final 12 months.
The Kolkata-headquartered firm’s whole revenue throughout the quarter was Rs 799 crore, in comparison with Rs 594 crore in the identical interval of the earlier 12 months.
The corporate’s EBITDA additionally rose to Rs 78 crore from Rs 6 lakh crore within the July-September interval final 12 months, Avadh Sugar & Vitality Ltd stated in an announcement.
“The corporate now proposes to extend sugarcane crushing capability from 10,000 TCD (tons of powdered cane per day) to 13,000 TCD, and in addition enhance vitality effectivity,” she stated.
India’s agricultural economic system was affected by the impression of El Niño in 2023, leading to rainfall deficiency throughout the essential months of the sugarcane cycle. With decrease manufacturing anticipated within the upcoming sugar season, we count on home sugar costs to stay secure, reinforcing our optimistic outlook for the sector,” stated CS Nobani, Co-Chairman.
(Solely the title and picture of this report could have been reworked by Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)
First revealed: November 19, 2023 | 1:46 pm he
(Tags for translation) Aditya Birla Group