Kolkata, February 08, 2018: The Board of Directors of Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) at its meeting held on 05th February, 2018 took on record the Unaudited Financial Results for the quarter ended 31st December, 2017.
| Particulars (Rs crore) | Q3
FY18 |
Q3
FY17 |
9M
FY18 |
9M
FY17 |
| Total Income | 683 | 470 | 1,926 | 1,374 |
| EBITDA | 80 | 110 | 283 | 282 |
| PBDT | 55 | 71 | 164 | 150 |
| PAT | 43 | 59 | 128 | 124 |
| EPS (Rs.) (not annualized) | 43 | 59 | 127 | 123 |
Commenting on the results, Mr. C.S. Nopany, Co-Chairperson, Avadh Sugar & Energy Ltd said:
“After a strong first half FY18, sugar prices witnessed a sharp decline in Q3 FY18, continuing in Q4 FY18. In anticipation of a higher production during the season 2017-18 and 2018-19, there was a strong sense of pessimism in the market with a bearish trend. While the fundamentals of the industry are still strong, it is expected that stability will return during Q1 of FY19.
Avadh Sugar has focused on de-leveraging and reducing its finance cost apart from focusing on efficiency enhancement and de-bottlenecking. We are happy that our cane development programme is bearing fruit and we see this stabilising our performance in the future.”
Corporate Comm India(CCI Newswire)
