Date: 31st July 2026
Financial Results (Standalone)
Q1 FY27 Operating Revenue (Gross): ₹785.41 crore (Q1 FY26: ₹740.57 crore)
Q1 FY27 Operating Revenue (Net): ₹551.86 crore (Q1 FY26: ₹521.31 crore)
Other Income: ₹5.85 crore (Q1 FY26: ₹8.06 crore)
EBITDA: ₹36.34 crore (Q1 FY26: ₹30.68 crore)
EBITDA Margin: 4.63% (Q1 FY26: 4.14%)
Profit Before Tax (PBT): ₹7.46 crore (Q1 FY26: ₹1.11 crore)
PBT Margin: 0.95% (Q1 FY26: 0.15%)
Profit After Tax (PAT): ₹5.31 crore (Q1 FY26: ₹0.72 crore)
PAT Margin: 0.68% (Q1 FY26: 0.10%)
Cash Profit: ₹18.66 crore (Q1 FY26: ₹14.34 crore)
EPS: ₹0.83 per share (Q1 FY26: ₹0.11 per share)
Businesswise Performance
Sugar Business Performance:
Cane Crushed: 0.44 lakh tons (Q1 FY26: 1.70 lakh tons)
Gross Recovery: 10.68% (Q1 FY26: 12.60%)
Net Recovery: 9.08% (Q1 FY26: 10.42%)
Sugar Production: 0.04 lakh tons (Q1 FY26: 0.18 lakh tons)
Sugar Sales: 0.85 lakh tons (Q1 FY26: 0.80 lakh tons)
Sugar Inventory: 0.99 lakh tons (Q1 FY26: 1.27 lakh tons)
Sugar Realization: ₹41,202/ton (Q1 FY26: ₹39,999/ton)
Stock Valuation Rate: ₹37,467/ton (Q1 FY26: ₹37,233/ton)
Ethanol Business Performance:
Production - B heavy: 70.75 lakh BL (Q1 FY26: 69.42 lakh BL)
Production - C heavy: 4.93 lakh BL (Q1 FY26: 28.47 lakh BL)
Production - Maize: 63.17 lakh BL (Q1 FY26: 79.21 lakh BL)
Production - Rice: 22.72 lakh BL (Q1 FY26: Not produced)
Total Production: 161.57 lakh BL (Q1 FY26: 177.10 lakh BL)
Sales - B heavy: 83.96 lakh BL (Q1 FY26: 78.31 lakh BL)
Sales - C heavy: 2.44 lakh BL (Q1 FY26: 25.62 lakh BL)
Sales - Maize: 42.10 lakh BL (Q1 FY26: 78.46 lakh BL)
Sales - Rice: 23.03 lakh BL (Q1 FY26: Not sold)
Total Sales: 151.53 lakh BL (Q1 FY26: 182.39 lakh BL)
Realization - B heavy: ₹59.70/BL (Q1 FY26: ₹59.56/BL)
Realization - C heavy: ₹58.83/BL (Q1 FY26: ₹59.31/BL)
Realization - Maize: ₹70.69/BL (Q1 FY26: ₹70.73/BL)
Realization - Rice: ₹59.15/BL (Q1 FY26: Not applicable)
Average Realization: ₹62.66/BL (Q1 FY26: ₹64.33/BL)
Power Business Performance:
Generation: 1.87 crore units (Q1 FY26: 3.13 crore units)
Export: 0.36 crore units (Q1 FY26: 0.95 crore units)
Realization: ₹4.40/unit (Q1 FY26: ₹4.44/unit)
Chemicals Business Performance:
Production: 86.37 lakh kg (Q1 FY26: 77.94 lakh kg)
Sales: 86.48 lakh kg (Q1 FY26: 78.52 lakh kg)
Potable Spirits Business Performance:
Production: 8.48 lakh cases (Q1 FY26: 8.65 lakh cases)
Sales: 8.20 lakh cases (Q1 FY26: 8.38 lakh cases)
Company Overview
Market Capitalization: ₹894.76 crore
Free Float: 50.13%
Free Float Market Cap: ₹448.59 crore
Shares Outstanding: 6.43 crore shares
Industry: Sugar
Credit Ratings (India Ratings & Research - Fitch Group)
Issuer Rating: IND AA
Term Loan: IND AA
Working Capital Limits: IND A1+
Commercial Paper: IND A1+
Public Deposits: IND AA
Board of Directors
Mr. Ashok Kumar Goel - Chairman (Promoter)
Mr. Gaurav Goel - Vice Chairman and Managing Director (Promoter)
Mr. Yashwardhan Poddar - Independent Director
Mr. Satpal Kumar Arora - Independent Director
Mr. Anuj Khanna - Independent Director
Ms. Pallavi Khandelwal - Independent Director
Mr. Subhash Pandey - Whole Time Director
Key Performance Drivers
Positive Factors: Sugar sales increased to 0.85 lakh tons from 0.80 lakh tons YoY; Sugar realization improved to ₹41,202/ton from ₹39,999/ton YoY; Higher margin in maize-based ethanol due to lower cost of production; Higher sales of chemicals at 86.48 lakh kg vs 78.52 lakh kg YoY; Higher margin in chemical business
Negative Factors: Ethanol sales decreased to 151.53 lakh BL from 182.39 lakh BL YoY; Power export decreased to 0.36 crore units from 0.95 crore units due to early closure of SS 25-26
Notes
Sugar being a seasonal industry, the quarter's performance may not be representative of the Company's annual performance.