Sugar and ethanol producer Zuari Industries announces financial results
Zuari Industries Limited announced its Q4 and full-year financial results for FY 2024. Total income from operations decreased to Rs. 283 crore in Q4 FY 2024 from Rs. 342 crore in Q4 FY 2023. Quarterly net profit dropped to Rs. 63 crore from Rs. 102 crore. EPS declined to Rs. 21.35 from Rs. 34.34. Full-year net profit rose to Rs. 712 crore from Rs. 309 crore, despite a decline in total income to Rs. 1,067 crore from Rs. 1,137 crore. The share price is currently at Rs. 301.00, down by 2.56%.
Sugar and ethanol producer Zuari Industries Limited on May 29 announced its financial results for the fourth quarter and full year ended Mar 31, 2024.
Consolidated Performance overview:
Total income from operations at around Rs. 283 crore in March 2024 compared to Rs. 342 crore in March 2023.
Quarterly Net Profit at around Rs. 63 crore in March 2024 compared to Rs. 102 crore in March 2023.
Zuari Industries basic and diluted EPS has decreased to Rs.21.35 in March 2024 compared to Rs. 34.34 in March 2023.
For the full year, net profit was Rs. 712 crore in the year ended March 2024 as against Rs 309 crore during the previous year ended March 2023. Total income from operations declined to Rs. 1,067 crore in the year ended March 2024 as against Rs. 1,137 crore during the previous year ended March 2023.
At the time of writing this report, share price of Zuari Industries Limited is at 301.00, down by 2.56 per cent.
Zuari’s sugar, power & ethanol (SPE) division not only produces sugar but also places great emphasis on the production and distribution of green power and fuel. SPE Division runs an integrated state-of-the-art manufacturing facility at Gobind Sugar Mills-Aira, located about 150 km from Lucknow, the capital city of Uttar Pradesh, producing high-quality sugar products under the brand name ‘Zuari’. Company is serving about 60,000 farmers and accessing 1,78,000 farm fields (~ 50,000 ha.) of sugarcane cultivation spread across three major districts and the facility caters to both bulk and retail markets.
Click here to read the financial results of Zuari Industries Limited
Source Link : https://www.chinimandi.com/ethanol-producer-zuari-industries-announces-financial-results/
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