Company has performed poorly with cane cultivation/yield lower by 2 lakh tons in spite of promising ~8-10% higher crushing for SS23-24 in Oct 2023 (a downward swing of 15%). Shows very poor estimation skills even at such advanced near harvest stage. Luckily for the management, it’s poor performance has been overshadowed/drowned out by Govt’s ruthless policy intervention.
Last year’s excuse for lower recovery was cane disease - I’ll have to go through their transcript for new excuse about why cane yield is low. We’ll just have to wait and see about any increased cane output in SS25.
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