Kolkata, India: The Board of Directors of Magadh Sugar & Energy Limited convened on August 13, 2024, to conduct a comprehensive review of the unaudited financial results for the first quarter of the fiscal year 2025, which concluded on June 30, 2024.
Financial & Operational Highlights:
- Total Income: Rs 360 crore in Q1 FY25, up from Rs 301 crore in Q1 FY24.
- EBITDA: Rs 36 crore in Q1 FY25, compared to Rs 38 crore in Q1 FY24.
- PAT: Rs 11 crore in Q1 FY25, down from Rs 16 crore in Q1 FY24.
Comment from the Chairperson
Mr. C.S. Nopany, Chairperson of Magadh Sugar & Energy Ltd, commented on the results, stating:
“The Indian Sugar Industry continues to demonstrate remarkable resilience, adapting robustly to challenges such as increasing sugarcane prices and shifting ethanol procurement policies. Our steadfast commitment to sustainable practices and a holistic strategy remains central to our approach. Looking forward, the industry is well-positioned for significant growth in the coming year, with projections indicating a rise in production. This anticipated increase is expected to strengthen closing stocks and unlock new opportunities for expanding export markets.
At Magadh Sugar & Energy Ltd, we are excited to announce that our expansion initiatives are progressing as planned. We have elevated our capital investment to support capacity upgrades and facility enhancements, reflecting our deep commitment to growth. Our focus remains on generating value for all our stakeholders, as our dedicated team strives to achieve excellence, foster innovation, and secure the long-term success of our company.”
About Magadh Sugar & Energy Limited
Incorporated on March 19, 2015, Magadh Sugar & Energy Limited specializes in sugar and sugar products, spirits and alcohol, and power generation through various means. The company operates three sugar mills with a combined crushing capacity of 21,500 TCD, including New Swadeshi Sugar Mills, Narkatiaganj; Bharat Sugar Mills, Sidhwalia; and Hasanpur Sugar Mills, Hasanpur. Additionally, MSEL runs two distilleries with a total ethanol capacity of 155 KLPD and a cogeneration facility capable of generating 38 MW of power. The crushing capacity is expected to reach 21,500 TCD by FY 2024-25.
For further information, please visit Magadh Sugar & Energy Limited.
