EBIDTA of Rs. 107 Crore | grew by 49 % YoY, CASH PROFIT of Rs. 72 Crore | robust growth of148 % YoY
Kolkata, May 22, 2019: The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 / NSE: MAGADSUGAR) at its meeting held on 14thMay, 2019 took on record the audited Financial Results for the quarter ended 31stMarch, 2019.
The particulars are in rupees (crore), with the total income being: 209 (Q4: FY 19), 182 (Q4: FY 18), 745 (FY 19), 729 (FY 18). EBITDA was 67 (Q4: FY 19), 11 (Q4: FY 18), 107 (FY 19) and 72 (FY 18). PBDT was 63 (Q4: FY 19), 7 (Q4: FY 18), 72 (FY 19) and 29 (FY 18). PAT was 33 (Q4: FY 19), 13 (Q4: FY 18), 34 (FY 19) and 25 (FY 18). EPS (Rs.) was 33.06 (Q4: FY 19), 16.29 (Q4: FY 18), 33.99 (FY 19) and 24.75 (FY 18).
| Particulars (Rs crore) | Q4
FY19 |
Q4
FY18 |
FY19 | FY18 |
| Total Income | 209 | 182 | 745 | 729 |
| EBITDA | 67 | 11 | 107 | 72 |
| PBDT | 63 | 7 | 72 | 29 |
| PAT | 33 | 13 | 34 | 25 |
| EPS (Rs.) | 33.06 | 16.29 | 33.99 | 24.75 |
Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd said:
“The Sugar Industry faced headwinds during this financial year ended 2019, the mix of oversupply situation kept the sugar industry sentiments dampened which saw a sign of relief in latter half of the year by boost in ethanol production and increased MSP and export quotas. Bihar experienced sugar production of 8.35 lakh tonnes which is highest ever in the state.Initiative to produce Green fuel by Government of India, Sugar Mills are now encouraged to produce more and more “B” heavy Molasses, which will also keep check on sugar production in future.
I am pleased that Magadh Sugar and Energy Limited has crushed 2.26 crore qtls of sugarcane, with our plants recording the highest recoveries in Bihar due to our intensive cane development program.”
| Key Highlights |
- Announced Bonus at the ratio 4:10
- Dividend of 20%
- Sugar Stock as on 31st March was at 30 lakh quintals
- Average realization in FY19 at Rs.3090 per quintal against Rs. 3640 per quintal in FY18
- Ethanol supplies to OMCs at 195 lac litres, as against 130 lac litres in FY18.
Corporate Comm India (CCI Newswire)
