The Board of Directors of Magadh Sugar & Energy Limited (MSEL) at its meeting held on November 11, 2024, took on record the unaudited Financial Results for the Quarter and Half Year ended September 30, 2024.
Financial & Operational Highlights:
Financial Highlights:
Q2FY25
Total Income in Q2FY25 at Rs. 324 Cr as against Rs. 289 Cr in Q2FY24.
EBITDA in Q2FY25 at Rs. 21 Cr as against Rs. 33 Cr in Q2FY24.
PAT in Q2FY25 at Rs. 5 Cr as against Rs. 15 Cr in Q2FY24.
H1FY25
Total Income in H1FY25 at Rs. 684 Cr as against Rs. 590 Cr in H1FY24.
EBITDA in H1FY25 at Rs 57 Cr as against Rs. 72 Cr in H1FY24.
PAT in H1FY25 at Rs. 17 Cr as against Rs. 31 Cr in H1FY24.
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said: “At Magadh, we are committed to maintaining operational excellence despite the significant challenges faced by the sugar industry. The Government’s recent decision to lift restrictions on the use of cane juice, syrup, and B-heavy molasses for ethanol production holds significant potential. It is essential that the Government provides the right policy framework to support both the sugar and ethanol sectors, ensuring that mills can continue to operate efficiently and meet the growing demand.”
“We remain committed to driving sustainable growth through strategic investments in increasing our production capacity. We are confident that with the right policy support, the sector can successfully navigate these challenges and continue to contribute significantly to the future. The ongoing capex program for increasing crushing capacity coupled with steam saving measure at Narkatiagunj unit will be operational with the beginning of new crushing season 2024-25.” he further added.
