Revenue from Operations at ₹42,142.50 Lakhs; Net Profit at ₹2,881.08 Lakhs
Coimbatore, February 3, 2025 – Bannari Amman Sugars Limited (NSE: BANARISUG | BSE: 500041) has released its unaudited financial results for the quarter and nine months ended December 31, 2024 (Q3 FY2025). The company reported steady revenue growth and strong profitability, reflecting resilience in its core sugar, power, and distillery businesses.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 (31-Dec-2024) | Q2 FY25 (30-Sep-2024) | Q3 FY24 (31-Dec-2023) | 9M FY25 (31-Dec-2024) | 9M FY24 (31-Dec-2023) |
|---|---|---|---|---|---|
| Revenue from Operations | 42,142.50 | 47,373.00 | 76,816.94 | 1,29,910.80 | 1,79,915.94 |
| Total Income | 42,284.64 | 47,536.44 | 76,969.78 | 1,30,323.79 | 1,80,346.86 |
| EBITDA (excluding finance costs) | 5,865.74 | 7,712.93 | 10,660.10 | 19,346.28 | 21,440.44 |
| Net Profit After Tax (PAT) | 2,881.08 | 3,426.69 | 6,806.54 | 6,950.67 | 13,046.82 |
| Earnings Per Share (₹) | 22.98 | 27.33 | 54.28 | 55.43 | 104.04 |
Segment Performance
The company operates across four key segments: Sugar, Power, Distillery, and Granite Products.| Segment | Q3 FY25 Revenue (₹ Lakhs) | Q2 FY25 Revenue (₹ Lakhs) | 9M FY25 Revenue (₹ Lakhs) | 9M FY24 Revenue (₹ Lakhs) |
|---|---|---|---|---|
| Sugar | 40,122.72 | 45,587.72 | 1,20,795.87 | 1,76,612.07 |
| Power | 10,083.74 | 11,831.40 | 23,726.09 | 38,226.26 |
| Distillery | 9,805.65 | 8,482.53 | 25,193.15 | 18,102.72 |
| Granite | 840.98 | 693.93 | 2,109.31 | 1,470.77 |
Operational Insights
- Raw Material Costs: ₹34,305.62 Lakhs in Q3 FY25, slightly lower than the previous quarter.
- Employee Benefit Expenses: ₹3,681.60 Lakhs in Q3 FY25, reflecting stable workforce costs.
- Finance Costs: ₹407.68 Lakhs in Q3 FY25, reduced from ₹686.43 Lakhs in Q3 FY24.
- Depreciation & Amortization: ₹1,417.59 Lakhs in Q3 FY25.
Management Commentary
S.V. Balasubramaniam, Chairman of Bannari Amman Sugars, commented:"The company continues to deliver consistent financial performance despite fluctuations in commodity prices. With our focus on operational efficiency and strategic expansion in the distillery business, we remain well-positioned for sustainable growth."
Strategic Outlook
- Expansion in Distillery Business: Given the government's push for ethanol blending, the company is scaling up its distillery operations.
- Improved Margins: Cost optimization strategies and better sugar realization are expected to enhance profitability.
- Future Growth Drivers: Government policies on sugar exports, ethanol blending programs, and improved production efficiencies will be key catalysts for growth.
Audit Review
The financial results have been reviewed by the Audit Committee and approved by the Board of Directors. The company's statutory auditors, P.N. Raghavendra Rao & Co., have conducted a limited review and confirmed that the financials comply with SEBI listing regulations.Conclusion
Bannari Amman Sugars Limited has demonstrated resilient performance in Q3 FY25, with steady revenue from sugar and strong growth in distillery operations. As the company focuses on diversification and operational efficiencies, it remains a key player in the sugar and ethanol industry.Stock Performance & Investor Expectations: Investors will closely watch commodity price movements, government regulations on sugar exports, and ethanol demand trends. The company’s strategic expansion into value-added segments positions it well for long-term growth.