Avadh Sugar & Energy Ltd. · NSE:AVADHSUGAR
Avadh Sugar & Energy — Q3 FY26 Earnings Presentation
24 slides from Avadh Sugar & Energy's earnings presentation, Feb 5, 2026
Slide 1: Exchange filing cover letter
AVADH/SE/2025-26/49 February 05, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Ltd. ‘Exchange Plaza’ 1st Floor, New Trading Ring C - 1, Block G Rotunda Building Bandra-Kurla Complex P.J. Towers Bandra (E) Dalal Street, Fort Mumbai 400
Slide 2: Investor Presentation Q3 & 9M FY26
Investor Presentation Q3 & 9M FY26 GRIT | GLORY | GROWTH Our Strengths Drive Success
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Avadh Sugar & Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Table of Contents
Table of Contents Company Business Financials Overview Updates Updates 3
Slide 5: Company Overview
Company Overview
Slide 6: Company Overview
Company Overview Avadh Sugar & Energy Ltd incorporated in 1932 (Group in Sugar Business over 9 decades), pursuant to the scheme of merger and demerger this company formed in 2015, Manufacturing Sugar, Ethanol and Power. Capacity Integrated Strategic Patronage of Healthy Utilisation Operations Locati
Slide 7: Robust Capacity, Integrated Operations, Located Strategically
Robust Capacity, Integrated Operations, Located Strategically Particulars Sugar Distillery 1. Seohara (West UP) Hargaon 13,000 200 Seohara 10,000 125 2. Rosa (Central UP) Hata 7,000 - 3. Hargaon (Central UP) Rosa 4,800 - Total 34,800 325 4. Hata (East UP) • Hargaon - The implementation of the increa
Slide 8: Shareholders Information
Shareholders Information Shareholder Information Shareholding Pattern BSE Ticker 540649 NRI / Foreign Nationals, Others, 1% 8% NSE Symbol AVADHSUGAR FII / FPI, 2% Market Cap (Rs Cr) 714 Free-float (%) 38.60% Individual / HUF, 29% Promoters, 60% Free Float Market Cap (Rs Cr) 276 Shares Outstanding (C
Slide 9: Business Updates
Business Updates
Slide 10: Multi-Engine Model Mitigating Industry Cyclicality
Multi-Engine Model Mitigating Industry Cyclicality Procurement Excellence Sugar Business Excellence Distillery Business Excellence Co-generation Excellence Securing The Foundation Stable Core with Structural Growth and Enhancing Returns Through Circular Of Growth Improving Quality of Earnings Margin
Slide 11: Financial Snapshots
Financial Snapshots Revenue (Rs Cr) EBITDA (Rs Cr) • Revenue for both the quarter and the nine- 2023 1957 131 month period has increased primarily due to 105 higher realization from sugar sales despite lower 638 617 56 38 sugar sales volume due to lower domestic quota allocation. Further, higher vol
Slide 12: Segment Overview
Segment Overview Particular Co-gen & Sugar Distillery Others 1,847 1,845 131 414 344 102 86 74 Revenue* 677 669 (Rs Cr) 129 113 Q3FY26 Q3FY25 9MFY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 9MFY25 Q3FY26 Q3FY25 9MFY26 9MFY25 44 54 29 15 14 EBIT (Rs Cr) 27 22 24 8 -1 -3 1 Q3FY26 Q3FY25 9MFY26 9MFY25 Q3FY26 Q3FY25
Slide 13: Sugar Segment Overview (1/2)
Sugar Segment Overview (1/2) Sugar Operational Metrics – Q3 & 9M FY26 Sugar Produced (Lac Qtls.) Sugar Sold (Lac Qtls.) Sugar Valuation (Rs./Qtl.) & Inventory (Lac Qtls.) 3954 3798 18.74 17.88 16.93 40.18 37.50 15.69 14.29 14.03 10.81 11.80 Q3FY26 Q3FY25 9MFY26 9MFY25 Q3FY26 Q3FY25 9MFY26 9MFY25 Dec
Slide 14: Sugar Segment Overview (2/2)
Sugar Segment Overview (2/2) Sugarcane Crushing Q3FY26 Q3FY25 Type Lac qtls. % Lac qtls. % Syrup 16.55 8% 22.41 11% B-Molasses 128.38 64% 121.53 63% C-Molasses 55.89 28% 49.71 26% Total 200.82 100% 193.65 100% Recovery on C equivalent 10.51% 9.95% Sugar Production 17.38 Lac qtls. 14.73 Lac qtls. 13
Slide 15: Outlook and Industry Prospectives (1/2)
Outlook and Industry Prospectives (1/2) Sugar Outlook: • Improved sugar recovery trend during the ongoing sugar season 2025-26. • Varietal substitution, enhancement of agronomic practices, improving plant efficiency position us well for improved performance. • For 2025–26 crushing season, the State
Slide 16: Outlook and Industry Prospectives (2/2)
Outlook and Industry Prospectives (2/2) Sugar Balance Sheet Sugarcane Price Rs. per qtls. Sugar Season Sugar Season Sugar Season FRP UP SAP Sugar Balance 2024-25 2025-26 Opening Stock 2021-22 290 340 79 50 (as on 01st October) Net Production 261 300 2022-23 305 340 Total Availability 340 350 2023-24
Slide 17: Distillery and Co-Gen Segment Overview (1/2)
Distillery and Co-Gen Segment Overview (1/2) Ethanol Produced (Lac Ltrs.) Ethanol Sold (Lac Ltrs.) Ethanol Inventory (Lac Ltrs.) 629.99 27.82 666.82 457.47 549.24 9.53 173.30 160.09 202.61 172.82 Q3FY26 Q3FY25 9MFY26 9MFY25 Q3FY26 Q3FY25 9MFY26 9MFY25 Dec-25 Dec-24 Power Production (Lac Units) Power
Slide 18: Distillery and Co-Gen Segment Overview (2/2)
Distillery and Co-Gen Segment Overview (2/2) (in lac ltrs.) Ethanol Sale Feedstock Q3FY26 Q3FY25 9MFY26 9MFY25 Syrup 100.78 150.87 100.78 150.87 B-Molasses 42.13 4.07 444.18 350.03 C-Molasses 59.70 17.88 121.86 48.33 Total 202.61 172.82 666.82 549.24 Ethanol Production Feedstock Q3FY26 Q3FY25 9MFY26
Slide 19: Outlook and Industry Prospectives: Ethanol
Outlook and Industry Prospectives (1/2) Ethanol Sugar • Ethanol blending remains the strongest growth lever: Ethanol diversion, higher blending targets, and policy support continue to improve revenue stability and reduce cyclicality. • Ethanol blending has reached 20% as on 31 December 2025, on cour
Slide 20: Outlook and Industry Prospectives: Ethanol tenders and allocation
Outlook and Industry Prospectives (2/2) • OMCs floats Tender for ESY 2025-26, details of Tender received, allocated and supplied as on 31 December 2025 is as under: (Cr Ltrs.) No. Feed-Stock Tender Allocated Supplied 1 Juice 299 166 43 2 B-Heavy 159 110 7 3 C-Heavy 14 12 2 4 DFG 76 48 8 5 Maize 832
Slide 21: Financial Updates
Financial Updates
Slide 22: Profit & Loss Highlights
Profit & Loss Highlights Actual Actual Particulars (Rs Cr) Q3FY26 Q3FY25 9MFY26 9MFY25 Total Income 639.16 618.52 2026.24 1,961.28 Raw Material Cost 481.23 485.51 1668.68 1,600.58 Employee Cost 33.86 30.58 85.68 78.84 Other Expenditure 67.68 64.77 167.03 150.66 EBIDTA 56.39 37.66 104.85 131.20 Inter
Slide 23: Balance Sheet Highlights
Balance Sheet Highlights Details of Outstanding Position Loan (Rs Cr) Stock position as on Dec-25 (Rs Cr) 1,370 65 87 835 730 985 Rs 728 Cr 281 547 576 449 385 288 Dec-25 Dec-24 Mar-25 Term Loan Cash Credit/WCDL Total Debt Sugar Stock Molasses Other Stocks Long-term Credit Rating: A+ by India Rating
Slide 24: Contact Us
Contact Us Mr. Dilip Patodia dilip.patodia@birla-sugar.com 9/1, R.N. Mukherjee Road, Kolkata www.avadhsugar.com Mr. Suyash Samant | Sharu Garg suyash@stellar-ir.com | sharu@stellar-ir.com A-405, Kanakia Wallstreet, Andheri (East), Mumbai www.stellar-ir.com