Shree Renuka Sugars Ltd. (SRSL), one of India's largest sugar and ethanol producers, announced its financial results for the fiscal year ending March 31, 2024 (FY24).
Key Highlights:
Revenue: Increased by 25% YoY, driven by higher sugar prices and export volumes.
Refinery Segment: Delivered strong performance due to firm international sugar prices and high export volumes.
Ethanol & Sugar Segment: Faced challenges due to restrictive government policies on ethanol.
EBITDA: Increased by 5% YoY.
PAT: Not explicitly mentioned in available summaries.
Additional Information:
Refinery Division Performance: The refinery division was a significant contributor to the overall revenue growth, benefiting from favorable international sugar prices and increased export volumes.
Ethanol & Sugar Segment Challenges: The Ethanol and Sugar segment faced headwinds due to government policies, which impacted profitability.
For a detailed analysis and further information, you can refer to the following resources:
Shree Renuka Sugars Financials: https://renukasugars.com/financials/
India Infoline Analysis: https://www.indiainfoline.com/company/shree-renuka-sugars-ltd/annual-result/financials/23875
The Economic Times Results: https://economictimes.indiatimes.com/shree-renuka-sugars-ltd/yearly/companyid-18608.cms
Comentarios