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Tulasee Bio-Ethanol Ltd. Announces Financial Results for the Quarter Ended March 31, 2023
The Company reported a net profit of Rs. 10.25 crore for the quarter ended March 31, 2023, compared to Rs. 9.82 crore for the corresponding quarter of the previous year.
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Tulasee Bio-Ethanol Ltd. to Invest Rs. 100 Crore in New Ethanol Plant
The Company plans to set up a new ethanol plant in Maharashtra with a capacity of 100 million liters per annum.
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Tulasee Bio-Ethanol Ltd. Bags Order for Supply of Ethanol to Oil Marketing Companies
The Company has received an order from Indian Oil Corporation Limited for the supply of 10 million liters of ethanol.
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Tulasee Bio-Ethanol Ltd. Announces Successful Commercial Launch of Advanced Biofuel
Tulasee Bio-Ethanol Ltd., a leading producer of advanced biofuels in India, today announced the successful commercial launch of its latest biofuel technology.
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Tulasee Bio-Ethanol Ltd. Partners with Major Oil Company for Distribution of Advanced Biofuels
Tulasee Bio-Ethanol Ltd., a leading producer of advanced biofuels in India, today announced a strategic partnership with a major oil company for the distribution of its advanced biofuels.
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Tulasee Bio-Ethanol Ltd. Secures Funding for Expansion of Advanced Biofuel Production Capacity
Tulasee Bio-Ethanol Ltd., a leading producer of advanced biofuels in India, today announced that it has secured funding for the expansion of its advanced biofuel production capacity.
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Tulasee Bio-Ethanol Ltd. Announces Q3FY23 Results
Tulasee Bio-Ethanol Ltd. (NSE: TULSEAL) has announced its financial results for the third quarter ended December 31, 2022 (Q3FY23).
**Financial Highlights**
* Net revenue increased by 22.5% year-over-year (YoY) to Rs 35.7 crore from Rs 29.2 crore in Q3FY22.
* EBITDA grew by 18.6% YoY to Rs 6.5 crore from Rs 5.5 crore in Q3FY22, with an EBITDA margin of 18.2%.
* Profit after tax (PAT) increased by 7.7% YoY to Rs 1.7 crore from Rs 1.6 crore in Q3FY22.
* Earnings per share (EPS) for Q3FY23 stood at Rs 1.05, compared to Rs 0.98 in Q3FY22.
**Operational Highlights**
* Ethanol production increased by 24.2% YoY to 9.5 million liters in Q3FY23 from 7.7 million liters in Q3FY22.
* Sugar production increased by 26.5% YoY to 13,510 metric tons in Q3FY23 from 10,670 metric tons in Q3FY22.
**Management Commentary**
Mr. Sathish Devarakonda, Managing Director of Tulasee Bio-Ethanol Ltd., commented, "We are pleased to report a strong set of financial results for Q3FY23, driven by higher ethanol and sugar production. Our ethanol production has been consistently growing, and we are confident of maintaining this momentum in the coming quarters."
**Outlook**
The company remains optimistic about its future prospects and expects to continue its growth trajectory in the coming quarters. The increasing demand for ethanol in the wake of the government's ethanol blending program is expected to provide further impetus to the company's growth.
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Tulasee Bio-Ethanol Ltd. Announces Capacity Expansion Plan
Tulasee Bio-Ethanol Ltd. (NSE: TULSEAL) has announced a plan to expand its ethanol production capacity by 50% to 150 million liters per annum (MLPA).
The company will invest approximately Rs 100 crore in the expansion project, which is expected to be completed by the end of FY24.
Once the expansion is complete, Tulasee Bio-Ethanol's total ethanol production capacity will increase to 225 MLPA.
The expansion project is in line with the government's target of achieving 20% ethanol blending in petrol by 2025. The increasing demand for ethanol in the wake of this target is expected to provide further impetus to the company's growth.
Mr. Sathish Devarakonda, Managing Director of Tulasee Bio-Ethanol Ltd., commented, "We are excited to announce our capacity expansion plan, which will enable us to meet the growing demand for ethanol in the country. This expansion will significantly increase our production capacity and position us as a leading player in the ethanol industry."
The project is expected to be funded through a mix of internal accruals and debt.
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Tulasee Bio-Ethanol Ltd. Announces Financial Results for the Quarter Ended September 30, 2023
Tulasee Bio-Ethanol Ltd. (TBE) today announced its financial results for the quarter ended September 30, 2023. The Company reported a net profit of Rs. 10.23 crore for the quarter, compared to a net loss of Rs. 1.05 crore in the corresponding quarter of the previous year.
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Tulasee Bio-Ethanol Ltd. Partners with XYZ Company to Expand Ethanol Production Capacity
Tulasee Bio-Ethanol Ltd. (TBE) today announced a partnership with XYZ Company to expand its ethanol production capacity. The partnership will involve the construction of a new ethanol plant in the state of Maharashtra, India.
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Tulasee Bio-Ethanol Ltd Announces Commercial Operations In Dahej Facility
Tulasee Bio-Ethanol Ltd. (TBEL), a leading manufacturer of ethanol-based products in India, has commenced commercial operations at its Dahej facility in Gujarat
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Tulasee Bio-Ethanol Ltd Collaborates with HMEL For Supply Of Ethanol In Rajasthan
Tulasee Bio-Ethanol Ltd has signed a Memorandum of Understanding (MoU) with Hindustan Mineral Exploration Ltd (HMEL) for the supply of ethanol for its upcoming refinery projects
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Tulasee Bio-Ethanol Ltd Gets Loan From Punjab National Bank For Dahej Facility
Tulasee Bio-Ethanol Ltd has secured a loan of Rs 250 crore from Punjab National Bank (PNB) for its Dahej facility
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Tulasee Bio-Ethanol Ltd Commences Operations at Neemuch Facility
Tulasee Bio-Ethanol Ltd has commenced operations at its Neemuch facility in Madhya Pradesh
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Tulasee Bio-Ethanol Ltd to Invest Rs 10 Cr In New Ethanol Facility
Tulasee Bio-Ethanol Ltd is planning to invest up to Rs 10 crore in a new ethanol facility in Chhattisgarh
