Q3 FY 22 | Q3 FY 21 | Change (%) | 9M FY 22 | 9M FY 21 | Change (%) | |
Revenue from Operations (Gross) |
1235.4 | 1123.1 | 10 | 3501.9 | 3515.3 | |
Revenue from Operations (Net of excise duty) |
1115.7 | 1121.9 | (1) | 3220.9 | 3514.1 | (8) |
EBITDA | 209.8 | 168.1 | 25 | 478.9 | 413.9 | 16 |
EBITDA Margin | 19% | 15% | 15% | 12% | ||
Share of income from Associates |
7.8 | 6.6 | 17 | 51.8 | 10.4 | |
Profit Before Tax (PBT) | 185.0 | 145.8 | 27 | 430.3 | 326.0 | 32 |
Profit After Tax (PAT) Consolidated |
130.1 | 94.7 | 37 | 314.9 | 209.6 | 50 |
Other Comprehensive Income (Net of Tax) |
0.8 | -0.3 | 5.2 | 0.5 | ||
Total Comprehensive Income |
130.9 | 94.4 | 39 | 320.1 | 210.1 | 52 |
EPS (not annualized) (`/share) |
5.39 | 3.89 | 13.03 | 8.50 |
We witnessed delayed start to the sugar season (SS) 2021-22 owing to extremely high rainfall especially in the crucial month of October. Certain regions of Uttar Pradesh have witnessed uncharacteristically high rainfall even in the last one month. All these climatic issues may have an impact on the yields and recovery. However, the improved weather conditions hereon will facilitate uninterrupted crush and improved recoveries. The Company continues to pursue change in varietal mix to reduce dependence on Co-0238 variety
The distillery segment continued its strong performance driven by higher sales volumes and realization prices due to improved product mix. Owing to some approval delays, inclement weather and COVID related constraints, we are now expecting the first tranche of 220 KLPD distillery expansion of the our 340 KLPD expansion plans to commence by March 2022. The balance 120 KLPD is expected to be operational around Q1 FY 23. The Company’s overall capacity after both expansions will more than double from current levels of 320 KLPD to 660 KLPD.
We remain excited about our engineering businesses, which has largely overcome the impact of COVID on its operations and those of its customers and has put up much better performance in terms of turnover and profitability. A broad-based economic recovery which is already underway is likely to keep
the demand strong for these businesses. Power transmission business is poised for strong growth in the coming years across the gamut of services such as Defence, Gears and Built to print. The Company has a strong order pipeline in its Water business and we continue to bid for many new projects to improve it further.”
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