Financial Results Overview

Standalone Performance (Rs. in lakhs)

  • Revenue from Operations: ₹73,312 lakhs (Q1 FY26: ₹75,591 lakhs) - decreased 3.0% YoY
  • Total Income: ₹75,200 lakhs (Q1 FY26: ₹80,038 lakhs)
  • EBITDA (Operational): Loss of ₹2,300 lakhs (Q1 FY26: Loss of ₹1,900 lakhs)
  • Profit/(Loss) Before Tax: Loss of ₹10,987 lakhs (Q1 FY26: Loss of ₹5,330 lakhs)
  • Exceptional Items: ₹1,868 lakhs charge (related to PSRIPL impairment)
  • Profit/(Loss) After Tax: Loss of ₹8,929 lakhs (₹89 crore) (Q1 FY26: Loss of ₹2,792 lakhs)
  • Basic EPS: Negative ₹5.02 (Q1 FY26: Negative ₹1.57)

Consolidated Performance (Rs. in lakhs)

  • Revenue from Operations: ₹901,752 lakhs (₹9,017 crore) (Q1 FY26: ₹871,975 lakhs) - increased 3.4% YoY
  • Profit Before Tax: ₹42,286 lakhs (Q1 FY26: ₹61,542 lakhs) - decreased 31.3% YoY
  • Profit After Tax and Non-Controlling Interest: ₹14,160 lakhs (₹142 crore) (Q1 FY26: ₹24,628 lakhs) - decreased 42.5% YoY

Segment-wise Performance (Standalone)

Revenue Breakdown (Rs. in lakhs)

  • Sugar: ₹40,978 lakhs (Q1 FY26: ₹34,654 lakhs) - increased 18.2% YoY
  • Co-generation: ₹666 lakhs (Q1 FY26: ₹753 lakhs)
  • Distillery: ₹25,482 lakhs (Q1 FY26: ₹29,528 lakhs) - decreased 13.7% YoY
  • Nutraceuticals: ₹622 lakhs (Q1 FY26: ₹594 lakhs)
  • Consumer Products: ₹9,420 lakhs (Q1 FY26: ₹18,799 lakhs) - decreased 49.9% YoY

Segment Results [Profit/(Loss) Before Tax and Interest] (Rs. in lakhs)

  • Sugar: Loss of ₹4,867 lakhs (Q1 FY26: Loss of ₹4,902 lakhs)
  • Co-generation: Loss of ₹2,193 lakhs (Q1 FY26: Loss of ₹1,950 lakhs)
  • Distillery: Profit of ₹866 lakhs (Q1 FY26: Profit of ₹2,027 lakhs) - decreased 57.3% YoY
  • Nutraceuticals: Profit of ₹1 lakh (Q1 FY26: Loss of ₹20 lakhs)
  • Consumer Products: Loss of ₹1,198 lakhs (Q1 FY26: Loss of ₹1,747 lakhs)

Capital Structure Impact

  • The company allotted 82,975 equity shares during the quarter ended June 30, 2026, pursuant to exercise of stock options by employees (Q1 FY26: 17,790 shares)
  • Paid-up equity share capital stands at ₹1,779 lakhs (unchanged from previous quarter)

Exceptional Items

PSRIPL Closure Impact (Rs. in lakhs)

  • Impairment of investment in subsidiary: ₹61,000 lakhs charge
  • Reversal of financial guarantee obligation: ₹59,132 lakhs credit
  • Net additional impairment charge: ₹1,868 lakhs for Q1 FY27
  • The company committed to provide additional financial support to PSRIPL in form of loans up to ₹13,000 lakhs, of which ₹5,500 lakhs was disbursed during the quarter

Other Exceptional Items

  • Reversal of impairment in Alimtec SA: ₹116 lakhs credit (year-ended March 31, 2026)
  • Reversal of impairment in Algavista Greentech: ₹105 lakhs credit (year-ended March 31, 2026)
  • Gain on sale of Coromandel International shares: ₹29,764 lakhs (year-ended March 31, 2026)
  • Impairment of property, plant and equipment: ₹13,769 lakhs charge (year-ended March 31, 2026)

Subsidiary Update - PSRIPL

  • Parry Sugars Refinery India Private Limited ceased operations effective close of business hours on March 31, 2026
  • Closure due to adverse global market conditions, higher operating costs, and operational disruptions
  • The subsidiary was engaged in refining raw sugar and exporting refined sugar
  • All bank loans fully repaid, employee obligations discharged
  • Process for exit from SEZ and statutory requirements progressing
  • Identification of potential purchasers for asset sale in progress

Auditor's Review

  • Price Waterhouse Chartered Accountants LLP conducted limited review of both standalone and consolidated results
  • Unmodified conclusion provided - no material misstatements found
  • Financial results prepared in accordance with Ind AS 34 and SEBI Listing Regulations

Management Commentary

Mr. Muthiah Murugappan, Whole-time Director and CEO, highlighted:

  • Sugar & Biofuels: Resilient quarter despite headwinds from lower ENA quotas, falling realizations, and elevated input costs
  • Consumer Products: Strategic transformation focusing on profitable growth, premiumization, and distribution expansion
  • Nutraceuticals: Steady performance despite temporary challenges in key export markets
  • US Nutraceuticals: Strong performance supported by robust growth in Pet Health segment and new product launches
  • Overall Focus: 'Disciplined Renewal' to strengthen core operations and drive operational excellence

Forward-looking Statements

Document contains forward-looking statements subject to risks and uncertainties. Company undertakes no obligation to update these statements.