Kolkata, February 10, 2018: The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) at its meeting held on 06th 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 | 203 | 162 | 545 | 500 |
| EBITDA | 37 | 49 | 61 | 101 |
| PBDT | 25 | 36 | 14 | 57 |
| PAT | 19 | 21 | 9 | 32 |
| EPS (Rs.) (not annualized) | 19 | 20 | 9 | 32 |
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said:
“Sugar prices witnessed sharp decline since the beginning of the new sugar crushing season, in anticipation of higher production estimates during current and next sugar season. To improve market sentiment and to avoid cane arrear situation, ISMA has requested Government to take measures like hike in import duty and abolishing duty on export.
However we expect improvement in crushing quantity and better recovery this season. Building better operating efficiency, cane development, cost control and deleveraging our balance sheet shall continue to be our strategy going forward.”
Corporate Comm India(CCI Newswire)
