Naraingarh Sugar Mills Q1 Results Revenue Fell to ₹1,955.99 lakhs With a Net Loss of ₹1,261.24 Lakhs

Naraingarh Sugar Mills Limited (NSML) Q1 Results: Naraingarh Sugar Mills Limited released its financial results for the first quarter of the 2024-2025 fiscal year on September 2, 2024.

The company reported a significant decline in revenue, with total income from operations dropping to ₹1,955.99 lakhs compared to ₹13,680.22 lakhs in the previous quarter, representing a decrease of approximately 85.7% quarter-over-quarter.

This sharp decline reflects the impact of lower sugarcane availability and increased production costs during the quarter. The company's net loss for the quarter was ₹1,261.24 lakhs, compared to a net profit of ₹2,201.63 lakhs in the same quarter last year, marking a year-over-year decrease of 157.3%.

Expenses also rose notably, with total expenses climbing to ₹2,237.01 lakhs from ₹11,212.43 lakhs in the previous quarter, an increase of around 100.8%. The financial results indicate a challenging quarter for NSML, largely due to increased costs and lower operational efficiency.

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Naraingarh Sugar Mills Q1 Results 2024 - 2025

Naraingarh Sugar Mills Limited (NSML) reported its financial results for the first quarter of the 2024-2025 fiscal year on September 2, 2024. The company experienced a significant decrease in revenue and a notable increase in expenses compared to previous periods. Below is a summary of the Q1 results:

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Quarterly Results

The following table provides a summary of Naraingarh Sugar Mills' financial performance for the quarters ending December 2023, March 2024, and June 2024:

About Naraingarh Sugar Mills

Naraingarh Sugar Mills Limited (NSML) is a company based in Naraingarh, Haryana, established on August 1, 1991. It specializes in the production of sugar and its by-products. The mill operates with an installed capacity of 4,000 tons of cane per day (TCD) and has a co-generation facility that produces 25 megawatts (MW) of power.

The company processes sugarcane from a large command area of about 60,000 hectares and supports the local economy by providing jobs and engaging with over 9,000 sugarcane growers. NSML runs throughout the year, using bagasse and paddy straw as primary fuel sources.

The company has modern facilities, including in-house storage and residential complexes spread over 110 acres.

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