Categories AlphaGraphs, Earnings

Avadh Sugar & Energy Ltd Q1FY24; 10% rise in Profits

Avadh Sugar & Energy Ltd is primarily engaged in the manufacture and sale of sugar and its by-products (molasses, bagasse and press-mud), spirits including ethanol and power. It was incorporated in March 2015 with the purpose of transferring sugar units in Uttar Pradesh of Oudh Sugar Mills Limited (Oudh) and Upper Ganges Sugar & Industries Limited (Upper Ganges) to a separate entity.

Financial Results:

Avadh Sugar & Energy Ltd reported Revenues for Q1FY24 of ₹682.00 Crores down from ₹688.00 Crore year on year, a fall of 0.87%.

Total Expenses for Q1FY24 of ₹648.00 Crores down from ₹658.00 Crores year on year, a fall of 1.52%.

Consolidated Net Profit of ₹22.00 Crores up 10.0% from ₹20.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.07, up 12.50% from ₹9.84 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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