Latest news with #SamirSomaiya
The Hindu
05-08-2025
- Science
- The Hindu
Young scientists told to ‘co-create' with farmers at IISER Tirupati
Samir Somaiya, chairman and managing director of Godavari Biorefineries Limited and Chancellor of Somaiya Vidyavihar University called for the urgent transition of India from an 'oil-based' economy to a 'soil-based' one. An expert in biorefining, Mr. Somaiya's observation came as a clarion call towards conserving the environment. Delivering the chief guest's address at the sixth convocation of Indian Institute of Science Education and Research (IISER), Tirupati, on Tuesday, he encouraged the young scientists to 'co-create' with farmers, hinting at the need to adopt an approach that integrated modern agricultural practices with traditional wisdom. Mr. Somaiya spoke on the importance of knowing one's heritage and its connection to scientific pursuits. Jhillu Singh Yadav, Chairperson, Board of Governors, IISER, called upon the graduates to transform into catalysts for change, urging them to tackle pressing issues in agriculture, sustainable chemistry and the manufacturing of semi-conductors and enzymes. His emphasis was on identifying manufacturing processes that do not pollute the environment, stating that such innovations would help in the nation's advancement. Referring to 'Viksit Bharat', he called upon the graduates to become 'good scientists' and use their knowledge for the country's development. IISER Director Santanu Bhattacharya gave away 22 PhDs, eight Integrated PhDs, three MS degrees, 141 flagship BSMS dual degrees, 69 professional Master's degrees, six BS degrees and six degrees. The convocation concluded with a unique trilingual vote of thanks delivered by the Registrar Inderpreet Singh Kohli in Hindi, Telugu and English.
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Business Standard
04-07-2025
- Business
- Business Standard
Godavari Biorefineries share price hits 5% upper circuit today; here's why
Godavari Biorefineries share price: Godavari Biorefineries share price was in demand on Friday, July 4, 2025, with the scrip hitting 5 per cent upper circuit at ₹258.60 per share. However, at 10:20 AM, Godavari Biorefineries share price was off highs, but continued to trade higher, up 1.60 per cent at ₹250.25 per share. In comparison, BSE Sensex was trading flat at 83,229.22 levels. Why did Godavari Biorefineries hit 5% upper circuit today? Godavari Biorefineries share price rose after the company announced that it has been granted a patent in Europe for its novel anticancer molecule. In an exchange filing, Godavari Biorefineries said, 'This is to inform you that the Company has been granted a patent in Europe for our novel anticancer molecule. This patent is now validated in Spain, the UK, and as a Unitary Patent.' The patent subject area is 'Anti-Cancer Research Segment.' The patent covers a very potent anticancer compound with proven efficacy on cancer and cancer stem cells, the company said. Godavari Biorefineries Q4 results Godavari Biorefineries reported its financial results for Q4 FY25, showcasing operational resilience despite a slight dip in revenue. The company posted consolidated revenue from operations of ₹579.5 crore, down from ₹615.2 crore in the same quarter last year. However, profitability remained robust, with Ebitda at ₹121.7 crore and a healthy margin of 21 per cent, marginally up from the 20.2 per cent Ebitda margin recorded in Q4FY24. Profit after tax (PAT) stood at ₹71.9 crore, reflecting a PAT margin of 12.4 per cent, higher than the 10.6 per cent in the previous year. On Q4 show, Samir Somaiya, CMD of Godavari Refineries said, 'FY25 was a defining year for Godavari Biorefineries, showcasing our agility, disciplined execution, and strategic progress. Our Bio-based Chemicals segment delivered over 2x growth in Ebitda, propelled by our shift toward high-value, sustainable solutions and enhanced operational efficiencies. We also achieved a record cane crushing of 24.65 lakh tonnes for sugar season 2024-25 at our Sameerwadi restoration of the ethanol blending programme using sugarcane juice enabled us to better utilise our ethanol capacity during the crushing season.' Somaiya added, 'Looking ahead, our 200 KLPD grain/maize distillery is progressing as planned and is expected to be commissioned in Q4 FY26. We are also exploring multi-feedstock options for greater flexibility, while undertaking debottlenecking and expansion initiatives focused on specialty products. FY25 has laid a solid foundation for future growth, and we remain committed to delivering value through innovation, sustainability, and disciplined growth.' About Godavari Biorefineries Godavari Biorefineries Ltd. is one of India's leading producers of ethanol and a pioneer in the manufacturing of ethanol-based chemicals. The company boasts a diversified product portfolio that includes bio-based chemicals, sugar, rectified spirits, ethanol, various grades of alcohol, and power. Notably, it is the only company in India with such an extensive range of bio-based products, including MPO, natural 1,3-butylene glycol, ethyl vinyl ether, and several other specialty chemicals.
Business Standard
26-05-2025
- Business
- Business Standard
Godavari Biorefineries hits the roof after Q4 PAT rises 10% YoY to Rs 72 cr
Godavari Biorefineries hit an upper circuit of 20% at Rs 227.80 after the company's consolidated net profit rallied 10.37% to Rs 71.93 for the quarter ended 31 March 2025, compared to Rs 65.17 crore in the corresponding period last year. The growth in profit came despite a 5.80% year-on-year decline in revenue from operations, which stood at Rs 579.50 crore during the quarter. Profit before tax (PBT) surged 5.23% to Rs 95.74 crore from Rs 90.98 crore in the year-ago quarter. EBITDA for the quarter declined marginally by 2.17% to Rs 121.7 crore as against Rs 124.4 crore in Q4 FY24. However, the EBITDA margin improved to 21%, up from 20.2% in the same period last year, aided by better product mix and cost optimization. On the segmental front, revenue from the sugar segment rose 7.52% YoY to Rs 561.50 crore. The biobased chemicals segment posted revenue of Rs 139.13 crore, up 8% YoY, while the distillery segment reported a robust 37.3% YoY growth in revenue to Rs 249.54 crore during the quarter. On a full-year basis, the company's net loss was reported at Rs 23.41 crore in the year ended March 2025, as against a net profit of Rs 12.30 crore during the previous year ended March 2024. Revenue from operations rose 10.88% to Rs 1870.25 crore in the year ended March 2025 as against Rs 1686.67 crore during the previous year ended March 2024. Commenting on the results, Samir Somaiya, CMD, said, FY25 was a defining year for Godavari Biorefineries, showcasing our agility, disciplined execution, and strategic progress. Our bio-based chemicals segment delivered over 2x growth in EBITDA, propelled by our shift toward high-value, sustainable solutions and enhanced operational efficiencies. Looking ahead, our 200 KLPD grain/maize distillery is progressing as planned and is expected to be commissioned in Q4 FY26. We are also exploring multi-feedstock options for greater flexibility while undertaking debottlenecking and expansion initiatives focused on specialty products. FY25 has laid a solid foundation for future growth, and we remain committed to delivering value through innovation, sustainability, and disciplined growth. Godavari Biorefineries is a manufacturer of bio-based chemicals and ethanol.
