November 04, 2024 23:42 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
US presidential election: Donald Trump ahead of Kamala Harris in swing states, poll survey predicts | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | 'I strongly condemn Hindu temple attack, intimidation of our diplomats': PM Modi amid Canada row | PM Modi slams INDIA block for its silence over Sena UBT leader's sexist remark against Shaina NC | PDP member brings anti-Article 370 resolution in J&K assembly; BJP resists, CM Abdullah says only govt can do it
ASEL reports of PBT of Rs 30 cr in Q1FY23
Avadh Sugar
Image: Pixabay

ASEL reports of PBT of Rs 30 cr in Q1FY23

| @indiablooms | 10 Aug 2022, 08:50 pm

Kolkata: Avadh Sugar & Energy Limited (ASEL) (BSE: 540649 / NSE: AVADHSUGAR) reported a profit before tax (PBT) of Rs 30 crores in the quarter ended June 30, 2022 as against Rs 29 crores in Q1FY22.

AESL said its total income stood at Rs 688 crores in Q1FY23, a growth of 11 percent over Rs 619 crores in Q1 FY22

During the period under review, the company's ethanol dispatch stood at 268 lakh liters, up 41 percent year-on-year (YoY).

Commenting on the results, Avadh Sugar & Energy Ltd Co-Chairperson C.S. Nopany said, “The Indian sugar industry continues to be propelled by the positive market dynamics and structural changes like robust exports, sustainable ethanol demand, and stable sugar realizations. A higher diversion towards ethanol production to meet the blending target of over 10 percent in 2022-23 is likely to maintain the sugar demand and supply balance.

Nopany said the focus on improved and efficient operations helped Avadh Sugar to adapt to the changing market dynamics and financial discipline.

Continued investment in the ethanol sector will help ASEL deliver better margins and enhance stakeholders’ value, he added.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.