• FY27 financial guidance: The company is on track to achieve Rs 2,600–2,800 crore in total revenue, driven by Rs 1,700–1,800 crore from ethanol, Rs 800 crore from grain processing, and Rs 100 crore from mineral processing, alongside 10–11% EBITDA margins.
• Ethanol order book: Current ethanol orders stand at 19 crore liters (representing about Rs 1,600 crore in revenue) with expectations to reach 21–22 crore liters by the end of the financial year, aiming for 25 crore liters in capacity utilization by FY28 against a 26 crore liter capacity.
• Liquor order win: The company was allocated an annual country liquor tender of 103.6 lakh proof liters from the Madhya Pradesh Excise Department, which will contribute Rs 70–80 crore to the top line across FY26–FY27.
• Feedstock supply outlook: Sourced FCI rice remains at a Rs 5–7 discount with secure availability for the next couple of years due to government grain surpluses, while parallel domestic maize cultivation is increasing to support future feedstock needs.