Zuari Industries Reports INR 1,082.5 Crore Revenue in FY25, Up 1.4 Percent YoY

Zuari Industries Ltd. has reported a solid financial performance for the quarter and full year ended March 31, 2025.

On a standalone basis, the company recorded INR 870.7 crore in revenue from operations, marking a 22 percent year-on-year rise. Operating EBITDA jumped 42 percent to INR 70 crore, while Profit Before Tax (before exceptional items) stood at INR 31.8 crore.

On a consolidated level, revenue grew 1.4 percent year-on-year to INR 1,082.5 crore for FY25, with an EBITDA of INR 161.3 crore. However, the company posted a consolidated Profit After Tax (PAT) of INR 94.4 crore due to exceptional items.

The standout performer was the Sugar, Power and Ethanol (SPE) division, which saw significant operational gains. Zuari achieved its highest-ever sugarcane crushing of 157 lakh quintals, an 11 percent increase over last year. Sugar production hit 14.8 lakh quintals with a recovery rate of 10.61 percent, supported by the earliest start to milling operations on 27 October 2024.

Sugar sales surged 47 percent year-on-year to INR 602 crore, benefiting from improved realisations. Power exports jumped 40 percent, generating 9.1 crore units and INR 37.3 crore in revenue. Ethanol sales rose 39 percent year-on-year to INR 226.2 crore.

Zuari attributed the strong performance to focused efforts in cane development, strategic planning, operational efficiency, and digital integration across divisions.

Zuari Management Services Ltd. expanded its advisory offerings and completed a market entry strategy for a UK-based client. Meanwhile, the company’s joint venture, Zuari Envien Bioenergy Pvt. Ltd., reported 76 percent completion of its 180 KLPD bioethanol project, which is on track for commissioning by September 2025.

Another JV, Zuari Indian Oil Aviation Pvt. Ltd. (ZIAVPL), renewed its service agreement with oil marketing companies, incorporating a revised fee structure to fund infrastructure upgrades.

Commenting on the performance, Athar Shahab, Managing Director of Zuari Industries Ltd., said,"Our performance reflects progress in enhancing efficiencies and executing strategic priorities. The SPE division has been a key driver, supported by meaningful contributions from our subsidiaries and joint ventures. Despite external challenges, we remain committed to long-term value creation through prudent capital allocation and tech-driven resilience."