The Board of Directors of Magadh Sugar & Energy Limited (MSEL) at its meeting held on August 13, 2024, took on record the unaudited Financial Results for the Quarter ended June 30, 2024.
Financial & Operational Highlights:
Q1FY25
Total Income in Q1FY25 at Rs 360 Cr as against Rs 301 Cr in Q1FY24.
EBITDA in Q1FY25 at Rs 36 Cr as against Rs 38 Cr in Q1FY24.
PAT in Q1FY25 at Rs 11 Cr as against Rs 16 Cr in Q1FY24.
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said: “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,” he further added.
