Magadh Sugar & Energy Limited announced its unaudited financial results for Q2FY27 and H1FY27, approved by the Board of Directors at their meeting held on November 6, 2026.

Financial Performance - Q2FY27

  • Total Income: ₹290 crore (compared to ₹325 crore in Q2FY26, decrease of ₹35 crore)
  • EBITDA: ₹15 crore (compared to ₹2 crore in Q2FY26, increase of ₹13 crore)
  • PAT: ₹1 crore (compared to loss of ₹10 crore in Q2FY26, improvement of ₹11 crore)

Financial Performance - H1FY27

  • Total Income: ₹602 crore (compared to ₹659 crore in H1FY26, decrease of ₹57 crore)
  • EBITDA: ₹17 crore (compared to ₹22 crore in H1FY26, decrease of ₹5 crore)
  • PAT: Loss of ₹11 crore (compared to loss of ₹10 crore in H1FY26)

Management Commentary

Chairperson Mr. C.S. Nopany commented on the industry outlook and company strategy:

  • Bihar's sugar industry is receiving policy support through the Sugarcane Industry Investment Promotion Policy 2026 aimed at attracting fresh investments, reviving closed mills, and modernizing integrated sugar, ethanol, and co-generation infrastructure
  • Broader sugar industry outlook remains favorable due to decade-low inventories, expectations of lower production, and firm domestic sugar prices
  • Potential changes in ethanol diversion policies could influence sugar availability and profitability
  • Distillery operations remain an important growth driver for the industry
  • Company remains focused on operational efficiency, sugarcane development, and optimal utilization of integrated assets
  • Aim to strengthen business resilience and create sustainable long-term value through prudent capital allocation and disciplined execution

Company Background

  • Incorporated on March 19, 2015 (CIN: L15122UP2015PLC069632)
  • Main business: sugar and sugar products, spirits and alcohol, power generation
  • Three sugar mills located at:
  • New Swadeshi Sugar Mills, Narkatiaganj (District West Champaran, Bihar)
  • Bharat Sugar Mills (District Sidhwalia, Bihar)
  • Hasanpur Sugar Mills, Hasanpur (District Samastipur, Bihar)
  • Combined crushing capacity: 21,500 TCD
  • Two distilleries for ethanol at Narkatiaganj and Sidhwalia
  • Total ethanol capacity: 155 KLPD
  • Co-generation facility capacity: 38 MW power