Kolkata, Aug. 12 -- Avadh Sugar & Energy Ltd (ASEL) slipped into the red in the June quarter, as lower margins dragged down profitability despite slightly higher revenue.
The company reported a net loss of Rs.8 crore for Q1 FY26, compared with a profit of Rs.9 crore in the year-ago period. Total income edged up to Rs.717 crore from Rs.708 crore last year, but EBITDA dropped sharply to Rs.29 crore from Rs.57 crore.
He added that Avadh remains committed to sustainable, inclusive growth while urging policymakers to raise the minimum sale price of sugar and adopt a dynamic, market-linked ethanol pricing model.
ASEL operates four sugar mills in Uttar Pradesh with a combined crushing capacity of 31,800 tonnes of cane per day, two distillerie...
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