SHREE RENUKA SUGARS LTD. - 532670 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Notice of Postal Ballot dated 9th February 202415-02-2024
15-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Shree Renuka Sugars Ltd.
Shree Renuka Sugars announced Q3FY24 & 9MFY24 results: Consolidated Q3FY24: Total Income: Rs 30,621 million, a 19% increase from Q3FY23 which was Rs 25,632 million. EBITDA: Rs 2,412 million, showing a 6% increase from Q3FY23's Rs 2,266 million. Consolidated 9MFY24: Total Income: Rs 79,814 million, an 18% rise compared to 9MFY23's Rs 67,365 million. EBITDA: Rs 4,743 million, a 13% increase from 9MFY23's figure of Rs 4,213 million. Standalone 9MFY24: Total income for 9MFY24 increased by 16% over the previous year, from Rs 65,993 million to Rs 76,763 million. The EBITDA for 9MFY24 stood at Rs 4,785 million, marking a 10% increase over last year's Rs 4,368 million. Domestic sugar sales volume increased by 3% to 247K MT. Refinery exported 1,026K MT compared to 1,062 MT in the previous year. Sales realization rose to Rs 56K/MT from 43K/MT last year due to firm international values. Distillery produced 11.73 crore litres during 9MFY24, compared to 12.16 crore litres in the previous year, attributed to regulatory ban on ethanol production from cane juice and limiting production from BH molasses. Operational Highlights Domestic Sugar Sales Volume: Saw an increase of 3% reaching 247K metric tons. Refinery Exports: Reported at 1,026K metric tons for 9MFY24, down from 1,062K metric tons in the last year. However, sales realization rose from Rs 43K/MT to Rs 56K/MT due to firm international values. Distillery Production: Production in 9MFY24 stood at 11.73 crore liters versus 12.16 crore liters the previous year, influenced by a regulatory ban on ethanol production from cane juice and constraints on production from B Heavy molasses. Atul Chaturvedi, Executive Chairman, said: "The third quarter's results reflect our steadfast growth in our operations despite the regulatory headwinds of restricted production of Cane Juice & 'B' Heavy Ethanol. The global economy continues to face multiple macroeconomic and geopolitical shocks. Inspite of all these challenges, Renuka is successfully progressing ahead. Our total income for 9MFY24 has increased by 18% over the previous year. The company posted a strong 9MFY24 performance driven by improved realizations across all segments." Sunil Ranka, Chief Financial Officer, said: "Renuka Consol has delivered a stable financial performance in the third quarter with a 9MFY24 EBITDA growth of 13%. Refinery revenues and margins were better as compared to the previous year, which has enabled the EBITDA levels to move upwards to Rs 4,743 million from Rs 4,213 million in the previous year. Cane production is likely to be lower in Karnataka and Maharashtra States. Our Anamika acquisition in U.P. (North India) has vindicated the strategy of de-risking geographically and the said unit has performed well as compared to last year which is included in the above results." Result PDF12-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of Unaudited Financial Results for the quarter and nine months ended 31st December 202312-02-2024
Shree Renuka Sugars trade 3% lower after Rs 172.3-crore loss in Q3
Shree Renuka's revenue from operations grew by 18.1 percent YoY to Rs 3,014 crore for the quarter.12-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on unaudited financial results of the Company for the quarter and nine months ended 31st December 2023.10-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
The Board of Directors of the Company at their meeting held on 9th February 2024 has approved issue of equity shares of value of up to Rs.25,000 Mn to Qualified Institutional Buyers for cash by way of Qualified Institutions Placement under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.10-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Unaudited Financial Results For Quarter And Nine Months Ended 31St December 2023
Unaudited Financial Results for Quarter and Nine months ended 31st December 202309-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Board Meeting Outcome for Board Meeting Outcome
Outcome of Board Meeting held on 9 February 202409-02-2024
SHREE RENUKA SUGARS LTD. - 532670 - Board Meeting Intimation for Considering And Approval Of Unaudited Financial Results For Quarter And Nine Months Ended 31St December, 2023 And Fund Raising
SHREE RENUKA SUGARS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/02/2024 ,inter alia, to consider and approve 1. Unaudited Financial Results (Standalone & Consolidated), for the quarter and nine months ended 31st December 2023; 2. Raising funds through Qualified Institutional Placement (QIP), subject to such regulatory/ statutory approvals as may be required, including approval of the shareholders of the Company.30-01-2024
SHREE RENUKA SUGARS LTD. - 532670 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Regulation 74(5) of SEBI(Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 202315-01-2024