Note:
Revenue from Operations (Gross) include Excise duty of ₹ 693.26 crore in FY 23 on account of IMIL sales
#Percentages calculated on Net Revenue from Operations excluding aforesaid excise duty. Inter-segmental revenue adjusted from Sugar as these are largely due to sale of sugar by-products
We achieved the highest-ever net turnover for the Company over ₹ 5,600 crore, with record-breaking revenues across all our business segments. In particular, our combined Engineering businesses turnover surpassed ₹ 500 crore, reaching an impressive ₹ 577 crore.
Our profitability and financial position have been outstanding. We achieved the highest-ever EBITDA for the Company, with the combined Engineering businesses PBIT crossing ₹ 100 crore. Our Profit After Tax reached an impressive ₹ 1,792 crore, showcasing our strong financial performance. Additionally, our debt/ equity ratio stands at a commendable 0.32x.
Our Sugar & Alcohol businesses delivered stellar performance as well. We achieved the highest-ever sugarcane crushing in Sugar Season (SS) 2022-23, processing a remarkable 9.33 million tonnes of sugarcane. Moreover, sugarcane crushing across all seven sugar units surpassed the previous season’s numbers. Our alcohol production reached an impressive 18 crore litres, representing a substantial increase of 7.3 crore litres or 68% year-on-year.
Our Engineering businesses also demonstrated robust performance. The Power Transmission business witnessed a 22% increase in revenues and a 19% increase in profitability. The Water business experienced a significant revenue growth of 30%. Both segments have a promising outlook, driven by strong domestic demand and our focus on international markets.
We are delighted to announce record returns to our shareholders. We completed a buyback of ₹ 800 crore in FY 23 and proposed a final dividend of ₹ 3.25 per equity share (325%), further enhancing value for our esteemed shareholders.
These achievements demonstrate our commitment to strategic growth and continuous expansion. We remain focussed on delivering exceptional results across all our business segments, leveraging our strengths and seizing the opportunities in the market.
