With revenue reaching ₹447.3 crore, Godavari Biorefineries accelerates capacity expansion and technology licensing in bio-based chemicals and ethanol.
Godavari Biorefineries Limited (GBL), a leader in ethanol production and bio-based chemical manufacturing, has reported a 12% increase in revenue year-on-year for the third quarter of FY25. The company’s revenue rose to ₹447.3 crore, up from ₹398.0 crore in Q3 FY24, driven by its expansion in ethanol and bio-based chemicals. GBL recorded an EBITDA of ₹39.7 crore and a profit after tax (PAT) of ₹5.8 crore, demonstrating resilience in a dynamic industry.
The company continues to focus on expanding its ethanol division and diversifying into bio-based chemicals, solidifying its position as a key player in India’s renewable energy and chemical sectors. Investments in capacity expansion, technology licensing for Bio-Butanol and higher alcohols, and the establishment of a new corn/grain-based distillery are part of its long-term strategy to strengthen operational efficiency and drive sustainable growth.
Strategic Expansion and Ethanol Growth Strengthen Performance
Under the leadership of Samir Somaiya, Chairman and Managing Director of GBL, the company has reinforced its focus on innovation-driven bio-refining. GBL is a key contributor to India’s ethanol-blending program, supporting the nation’s transition toward renewable fuel solutions.
The ethanol division continued to see strong demand, with sales increasing to 25,171 KL in Q3 FY25, an 11% year-on-year rise. The company’s strategic decision to expand higher-grade ethanol production has positioned it as a crucial player in India’s clean energy transformation.
Alongside ethanol, GBL has expanded its bio-based chemicals portfolio, driven by the rising demand for sustainable industrial solutions. The recently completed capacity expansion of 1,3 Butylene Glycol is a significant milestone, enabling the company to cater to growing demand in the cosmetics, pharmaceuticals, and industrial sectors.
Investments in Technology and Infrastructure for Future Growth
GBL’s long-term vision includes strengthening technology capabilities and expanding manufacturing capacity. The company has secured technology licenses for Bio-Butanol and higher alcohols, creating new revenue streams in specialty chemicals and renewable fuels.
In a move to enhance ethanol production, GBL has initiated the development of a new corn/grain-based distillery, complementing its existing sugarcane-based ethanol production facilities. This investment is expected to improve supply chain flexibility and reduce dependency on seasonal raw materials.
GBL has also taken significant steps toward financial optimization, utilizing IPO proceeds to reduce term debt. This move aligns with its focus on maintaining a strong balance sheet and improving capital efficiency, setting the stage for long-term profitability.
Government Policy Support and Industry Growth Prospects
The Indian government’s approval of sugar exports in January 2025 has created a positive market outlook for ethanol and bio-chemical manufacturers. Improved pricing in the sugar industry is expected to support ethanol producers, further stabilizing revenue streams for companies like GBL.
GBL’s alignment with India’s ethanol blending policy and sustainability initiatives positions it as a major contributor to India’s renewable energy and chemical industry expansion. With favorable policy developments and continued investments in innovation, the company is well-positioned for sustained growth.
Leadership Perspective on GBL’s Growth Strategy
Commenting on the Q3 FY25 performance, Samir Somaiya stated, We are committed to expanding our presence in ethanol and bio-based chemicals, ensuring long-term sustainability and innovation. The recent government approval for sugar exports strengthens the industry outlook, and our focus remains on cost optimization, efficiency, and expanding our product portfolio. With technology licensing, capacity expansion, and debt reduction, we are positioned for continued success in the coming quarters.
About Godavari Biorefineries Limited
Godavari Biorefineries Limited is one of India’s leading ethanol and bio-based chemical manufacturers. With a diverse product portfolio, including ethanol, rectified spirits, bio-based chemicals, and renewable power, the company is at the forefront of India’s clean energy transition. GBL continues to expand its capabilities in bio-refining and industrial chemical solutions, reinforcing its commitment to sustainability and innovation.
Final Thoughts
GBL’s Q3 FY25 performance highlights its ability to navigate market fluctuations while driving revenue growth through strategic expansion. With a strong focus on ethanol production, technology investments, and financial stability, the company is well-positioned for sustained success in India’s renewable energy and chemical markets.
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