• EBITDA margin guidance: Despite Q1 margin pressure from unrevised ethanol prices and higher sugarcane costs, management expects full-year EBITDA margins to stay within their historical 12% to 14% range, supported by post-June sugar price improvements.
• Ethanol production strategy: Due to unrevised ethanol prices making sugarcane juice-based ethanol unviable, the company will stop producing juice-based ethanol next season and target 25 crore liters primarily from maize and rice, compared to 27 crore liters last year.
• Sugar inventory levels: Balrampur held approximately 4.5 lakh tons of sugar stock as of June 30 to be released via monthly government quotas, with overall cane acreage matching last year's levels.
• Capex roadmap: The company is executing a ₹3,100 crore capex for its PLA plant, expected to become operational by the end of December, with no other major capex planned for sugar, power, or distillery operations over the next year.