Shree Renuka Sugars Limited reported its financial results for the quarter ended September 30, 2024, highlighting a decrease in revenue year-over-year but an improvement in profitability as net losses narrowed significantly.
For Q2 FY25, the company recorded revenue of ₹2,367 crore, a 7.2% decline YoY from ₹2,551 crore in Q2 FY24. However, on a quarter-on-quarter basis, revenue also decreased by 21.9% from ₹3,030 crore in the previous quarter (June 2024).
On the profitability front, Shree Renuka Sugars reported a net loss of ₹23 crore, which shows a marked improvement from the net loss of ₹205 crore in the same quarter of the previous year (YoY). This represents a substantial narrowing of losses, demonstrating the company’s efforts toward financial recovery. Compared to the previous quarter’s net loss of ₹166 crore, the Q2 FY25 loss is also reduced significantly.
Key Financial Highlights:
- Revenue:
- ₹2,367 crore in Q2 FY25, down 7.2% YoY from ₹2,551 crore in Q2 FY24.
- Decreased by 21.9% QoQ from ₹3,030 crore in Q1 FY25 (June 2024).
- Net Loss:
- ₹23 crore in Q2 FY25, narrowing significantly from a loss of ₹205 crore YoY.
- Improved from a QoQ net loss of ₹166 crore in the previous quarter.
This quarter’s financials reflect the company’s initiatives to manage costs effectively and reduce losses, despite facing challenges in revenue growth both annually and sequentially.
