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.