ZUARI INDUSTRIES LIMITED — PPTs, 12-08-2025: Investor Presentation

Here's a summary of Zuari Industries Ltd. based on the investor presentation:

**1. Financial Highlights:**

ZIL's Q1FY26 standalone revenue was Rs 210.3 Cr (PBT Rs 0.9 Cr), while consolidated revenue hit Rs 257.5 Cr (PBT loss Rs 0.4 Cr). Operational gains: Ethanol production rose 12% YoY (+3% realization), and sugar realization increased 4% YoY. Borrowing costs reduced to 10.29%. Real estate land sales were impacted by the prevailing macro environment.

**2. Strategic Initiatives & Growth Drivers:**

Bioenergy expansion is a key driver: The ZEBPL JV's 180 KLPD grain-based distillery is 87.5% complete, targeting September 2025 operations, with future plans for 1000 KLPD ethanol capacity. Strategic focus also includes asset monetization for deleveraging, investing in high-growth areas, and digital tech adoption.

**3. Business Developments:**

ZIL completed the mergers of Gobind Sugar Mills Limited (GSML) and Zuari Sugar & Power Ltd (ZSPL). Subsidiaries show momentum: Simon India secured Rs 100 Cr in orders. Zuari Finserv's revenue jumped 40% QoQ, launching new broking plans. Zuari International is expanding quick commerce reach with new product rollouts planned in Q2.

**4. Market Position & Competitive Advantage:**

ZIL leverages a diversified portfolio spanning Sugar, Power, Ethanol (SPE), Real Estate, and significant strategic investments in fertilizer and rail. Its integrated SPE plant and substantial land banks offer inherent value. The new bioenergy JV positions the company for significant growth, backed by supportive government policies.

**5. Investor Implications:**

Despite mixed Q1 financials, strong operational trends in ethanol and sugar, coupled with strategic growth in bioenergy and real estate, indicate positive growth potential. Investors should monitor the successful commissioning of the ZEBPL project and the unlocking of value from real estate assets.