Zuari Industries Announces Robust Performance for FY2024-25, With 41% Revenue Growth in SPE Division

Zuari Industries Ltd. has announced its audited financial results for the quarter and financial year ended March 31, 2025. The company reported a 22% year-on-year growth in standalone revenue from operations, reaching ¥870.7 crore. Standalone operating EBITDA stood at ¥70.0 crore, a 42% increase over the previous financial year. The SPE division achieved the highest-ever sugarcane crushing of 157 lakh quintals, up 11% y-o-y, and produced 14.8 lakh quintals of sugar with an improved recovery rate of 10.61%. Sugarsales grew 47% y-o-y to ¥602 crore, power exports rose 40% y-o-y to 9.1 crore units, and ethanol sales stood at ¥3226.2 crore, marking a 39% growth year-on-year. Real estate land monetization remained subdued due to regulatory uncertainty on circle rates in Goa. Zuari Infraworld India Ltd. achieved a full sell-out of the St. Regis Residences project in Dubai and transitioned to an asset-light model. Simon India Ltd. reported revenue of ¥15.4 crore and is preparing to scale operations in the fertilizers and chemicals sector.