Q4FY21 Result Update - Avadh Sugar & Energy - ICICI Direct

Avadh Sugar reported Q4FY21 results with 7.5% revenue and 12.6% PBT growth. Revenue growth was led by 26.6% growth in distillery, 7.5% growth in sugar sales. Sugar volumes were up 6.2% on account of higher exports volume given the government announced export subsidy in December 2020. However, sugar prices stayed muted at Rs. 31.3/kg due to dismal winter demand and peak crushing season. Distillery volumes increased 17.7% to 1.6 crore litre with the installation of insinuation boiler at one of its distilleries at the start of the crushing season. Distillery realisation was up 7.1% to Rs. 57.6/litre as the company is entirely producing B-heavy ethanol (realisation is up 25% compared to C-Heavy ethanol). Power sales is down 3.7% on the back of lower 16% decline in co-generation volumes & 2.4% increase in power realisation. Industry prefers to sell bagasse in open market rather than power due to lower tariffs. Operating profit increased 12.5% to Rs. 107 crore led by higher distillery sales. PAT fell 6.4% to Rs. 56.6 crore due to tax write back in the base quarter. The company announced a dividend of Rs. 4/share.

For details, click on the link below: Link to the report

Shares of Avadh Sugar & Energy Ltd was last trading in BSE at Rs.329.15 as compared to the previous close of Rs. 305.9. The total number of shares traded during the day was 43160 in over 1886 trades.

The stock hit an intraday high of Rs. 332.45 and intraday low of 308.15. The net turnover during the day was Rs. 14082152.

Source : Equity Bulls

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