ZUARI INDUSTRIES LIMITED — Updates, 12-11-2024: Press Release

Zuari Industries Limited reported its financial results for the quarter ending September 30, showcasing a standalone revenue of ₹240.91 Cr., reflecting a growth of 4.3% from the previous quarter. However, the Profit After Tax (PAT) for Q2 FY25 was recorded at a loss of ₹23.85 Cr. The EBITDA saw an increase of 8.9%, reaching ₹37.06 Cr compared to the last quarter.

On a consolidated basis, revenue for the quarter stood at ₹277.1 Cr, marking a 14.5% rise from Q1 FY25, while the consolidated PAT improved to a loss of ₹14.77 Cr from ₹33.60 Cr in the prior quarter. The significant operational performance in the Sugar, Power, and Ethanol (SPE) segments is noteworthy, with sugar sales for the first half growing to 8.0 lakh qtls from 7.4 lakh qtls year-on-year. The company’s bio-ethanol joint venture project is progressing with 43% completion and is scheduled for commissioning by mid-next year. Overall, the results indicate areas for improvement but also showcase potential growth opportunities especially in the SPE division. Investors should watch closely as the company moves forward with its strategic initiatives.