Financial Performance Highlights (Standalone)

Q4 FY26 Performance

  • Revenue (Net of Excise): ₹552.44 Crores, showing 19.06% YoY growth from ₹464.01 Crores in Q4FY25
  • EBITDA: ₹102.44 Crores, improved by 2.91% YoY with margin of 18.54%
  • PAT: ₹46 Crores with margin of 8.33%

FY26 Annual Performance

  • Revenue (Net of Excise): ₹2,082.01 Crores, showing 10.57% YoY growth
  • EBITDA: ₹162 Crores
  • Long-term Debt to Equity: 0.28x as on March 31, 2026

Segmental Performance Analysis

Sugar Segment (Q4FY26)

  • Revenue: ₹496.24 Crores (11.98% YoY growth from ₹443.17 Crores)
  • EBIT: ₹91.58 Crores (10.05% YoY growth)
  • EBIT Margin: 18.45% (33bps decline from 18.78%)
  • Sugar Production: 193,885 tons (vs 181,470 tons in Q4FY25)
  • Sugar Sales: 97,909 tons (vs 67,282 tons in Q4FY25)
  • Average Realization: ₹41,735 per ton (vs ₹41,217 per ton)
  • Inventory: 220,277 tons valued at ₹37,761 per ton

Biofuel & Spirits Segment (Q4FY26)

  • Revenue: ₹94.41 Crores (18.79% decline from ₹116.26 Crores)
  • EBIT: ₹9.56 Crores (149.61% growth from ₹3.83 Crores)
  • EBIT Margin: 10.13% (684bps improvement from 3.29%)
  • Ethanol Production: 17.26 million BL (vs 26.26 million BL)
  • Ethanol Sale: 11.44 million BL (vs 16.97 million BL)
  • Average Realization: ₹61.99 per BL (vs ₹61.97 per BL)
  • Ethanol Stock: 6.59 million BL (vs 4.62 million BL)

Country Liquor Segment (Q4FY26)

  • Revenue: ₹26.76 Crores (3.25% decline from ₹25.89 Crores)
  • EBIT: ₹3.04 Crores (23.04% decline from ₹3.95 Crores)
  • EBIT Margin: 14.76% (302bps improvement from 11.74%)
  • Sales: 978,330 cases (vs 1,078,251 cases)
  • Average Realization (Net of Excise): ₹285.46 per case (vs ₹274.53 per case)

Full Year Segment Growth (FY26 vs FY25)

  • Sugar: Revenue growth of 3.88% to ₹1,815.98 Crores, EBIT growth of 19.79% to ₹130.97 Crores
  • Biofuel & Spirits: Revenue growth of 16.94% to ₹400.63 Crores, EBIT decline of 23.45% to ₹8.39 Crores
  • Country Liquor: Revenue growth of 19.94% to ₹112.25 Crores, EBIT growth of 20.85% to ₹16.75 Crores

Operational Highlights

Power Generation

  • Q4FY26 Power Generation: 124.42 million units (vs 127.57 million units in Q4FY25)
  • Q4FY26 Power Export: 55.53 million units (vs 35.31 million units)
  • Average Realization: ₹4.43 per unit (vs ₹3.44 per unit)

Capacity Overview

  • Consolidated Sugarcane Crushing Capacity: 29,500 TCD
  • Biofuels & Spirits Capacity: 312.5 KLPD on B-Heavy Molasses (includes 100 KLPD dual feed - molasses & grain)
  • Potable Liquor Capacity: 8.0 million cases per year (CL and UPML)
  • Renewable Energy: 95.5 MW total capacity
  • Carbon Dioxide: 80 TPD capacity

Manufacturing Facilities

  • Three integrated manufacturing facilities: Asmoli (Sambhal), Mansurpur (Muzaffarnagar), Meerganj (Bareilly)
  • Meerganj Unit: Company entered into business transfer agreement for sale of business undertaking on April 20, 2026

Corporate & Financial Structure

  • Long-term and short-term ratings: CARE BBB+ (Stable) and A2
  • Long-term loans repaid: ₹78.97 Crores during FY26
  • New loan availed: ₹60 Crore during FY26
  • Shares Outstanding: 6.64 Crores
  • Market Cap: ₹770.76 Crores
  • Free Float: 49.35% (₹380.37 Crores)

Leadership & Governance

  • Chairman & CEO: Gautam Goel (also President of ISMA in 2025, Chairman of ISEC in 2012)
  • Chief Financial Officer: Nalin Kumar Gupta
  • Company Secretary & Compliance Officer: Ashu Rawat
  • Board includes 9 directors with mix of executive, non-executive and independent directors

ESG & Sustainability

  • ESG strategy built on four pillars: Responsible Governance, Resource Efficient Operations, People First, and Purposeful Products
  • Alignment with UN Sustainable Development Goals
  • Various certifications maintained