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KK Birla Group company Awadh Sugar and Energy Limited in the second quarter of the current financial year posted Rs. 29 crore net profit was made. In the same quarter of last financial year, the company had Rs. 16 crores was lost. On Friday, the company’s shares rose nearly 2 percent to Rs. closed at the level of 696.50.
The company is going to issue a record 17 bonus shares this week
Increase in EBITDA
Awadh Sugar and Energy Limited said in a statement that its total revenue for the July-September quarter was Rs. 799 crore, compared to Rs. 594 crores. The company’s earnings before tax (Ebitda) also increased in the quarter under review to Rs. 78 crore, which in the same quarter a year ago was Rs. 6 crores.
Capacity also increased
Along with this, the company proposes to increase the sugarcane crushing capacity from 10,000 tonnes per day to 13,000 tonnes per day and also improve energy efficiency.
The share price of the company has seen an increase of more than 3 percent in the last one month. The company’s share price has increased by more than 41 percent in the last 6 months. Let us tell you that the company’s 52-week high in the stock market is Rs 778.30 per share. And the 52-week low is Rs 292 per share.