ZUARI INDUSTRIES LIMITED — Important, 13-02-2025: General Updates

Zuari Industries Limited's Board of Directors has approved the unaudited financial results for the quarter and nine months ended 31 December 2024. The company reported a revenue from operations of ₹204.83 crore for Q3 FY2024, with total income reaching ₹249.42 crore, demonstrating a significant increase compared to both the previous quarter and the corresponding period last year. However, total expenses amounted to ₹246.78 crore, resulting in a pre-tax loss of ₹3.73 crore for the quarter.

Additionally, the Board has extended inter-corporate deposits worth ₹78.50 crore to its associate company, Zuari Agro Chemicals Limited, at a revised interest rate of 12% per annum. The operational developments, along with financial performance, indicate a challenging market landscape, yet present a positive outlook for potential recovery and growth in subsequent quarters. There is ongoing monitoring of market conditions which could pose risks to revenue sustainability. Investors should watch closely for updates on strategic adjustments and recovery trends in Q4.