Zuari Industries posts Rs 37.4 crore loss in FY25
By HDFC Sky | Updated at: Jul 14, 2025 02:14 PM IST
GURUGRAM, 27 May 2025 – Zuari Industries Ltd. (NSE: ZUARIIND, BSE: 500780) has reported strong financials for the financial year ended March 31, 2025.
Key Financial Highlights (Standalone)
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹870.7 Cr | ₹714.6 Cr | +22% |
| EBITDA (Operating) | ₹70.0 Cr | ₹49.2 Cr | +42% |
| PBT (Before Exceptional Items) | ₹31.8 Cr | ₹76.6 Cr | -58% |
| PAT (After Tax) | ₹(37.4) Cr | ₹22.7 Cr | — |
| Total Comprehensive Income | ₹1,407.4 Cr | ₹617.1 Cr | +128% |
| EPS | ₹(12.6) | ₹7.6 | — |
Consolidated Results
| Metric | FY25 | FY24 |
|---|---|---|
| Revenue from Operations | ₹970.3 Cr | ₹837.8 Cr |
| PAT (After Tax) | ₹(94.4) Cr | ₹712.8 Cr |
| Total Comprehensive Income | ₹1,130.5 Cr | ₹1,519.6 Cr |
| EPS | ₹(31.3) | ₹239.7 |
Segment-Wise Performance
Sugar, Power & Ethanol (SPE)
- Revenue surged 45% YoY to ₹866 Cr.
- Sugar sales rose 42% YoY to 15.1 lakh quintals.
- Ethanol output increased 24% to 33,869 KL.
- Power exports rose 40% to 907 LU.
- Highest-ever cane crushing: 157 lakh quintals.
- SPE EBITDA stood at ₹82.8 Cr (FY24: ₹15.8 Cr), with PBT improving to ₹15 Cr from a ₹40.4 Cr loss.
Real Estate & Investments (REI)
- Revenue sharply dropped to ₹5.2 Cr (FY24: ₹116.6 Cr).
- Segment posted EBITDA loss of ₹12.8 Cr and PBT loss of ₹16.8 Cr.
- Zuari Garden City Ph-4 (Mysore)
- Zuari Rain Forest Phase 2 (Goa)
- St. Regis (Dubai), slated for Jan 2026 completion.
Strategic Investments & Ventures
As of 31 March 2025, Zuari Industries holds strategic listed investments worth ₹4,701 Cr, up 27% YoY. Key holdings include:
- Chambal Fertilizers (₹3,177 Cr)
- Zuari Agro Chemicals (₹247 Cr)
- Mangalore Chemicals (₹5 Cr)
The company is utilising its joint venture, named Zuari Envien Bioenergy Pvt Ltd (ZEBPL), to expand its business further. The JV is developing a 180 KLPD grain-based ethanol plant in Uttar Pradesh. The project is 76% completed, and it is expected to start operations by September 2025.
Operational & Strategic Highlights
- The company received a reaffirmed credit rating of BBB–.
- Its finance cost reduced by ₹11.6 Cr.
- SAP go-live for the SPE division in March 2025.
- It fully refinanced its ₹340 crore high-cost debt.
Management Commentary
Athar Shahab, Managing Director, stated:
“FY25 marks a year of transformation for Zuari Industries as we deliver operational excellence in core businesses and pursue growth through high-potential ventures. The realignment of our capital and technological capabilities positions us well for sustainable returns.”
Strategic Outlook
Zuari Industries aims to:
- Scale ethanol production capacity to 1,000 KLPD.
- Unlock value for its business through land banks and real estate projects.
- Monetise its assets for deleveraging.
- Focus on digital technologies and talent retention to increase its overall market share.
About Zuari Industries Ltd.:
Zuari Industries is an Indian company that has interests in various products such as sugar, ethanol, power, real estate, financial services, engineering, and strategic investments. The company is headquartered in Gurugram, Haryana and is the holding company for the Adventz Group.
REF: https://nsearchives.nseindia.com/corporate/ZUARIGLOB_27052025200314_InvestorPresentationQ4FY2025.pdf
