Financial Results Summary

Standalone Performance (Q1 FY27)

  • Revenue from operations: ₹414.10 crore
  • Total income: ₹414.63 crore
  • Total expenses: ₹445.62 crore
  • Loss before tax: ₹30.99 crore
  • Tax expense: ₹7.79 crore (Current tax: ₹0.11 crore, Deferred tax credit: ₹7.79 crore)
  • Net loss: ₹23.21 crore
  • Other comprehensive loss: ₹0.99 crore
  • Total comprehensive loss: ₹23.21 crore
  • EPS: ₹(5.93) per share (basic and diluted)

Consolidated Performance (Q1 FY27)

  • Revenue from operations: ₹415.66 crore
  • Total income: ₹416.34 crore
  • Total expenses: ₹447.19 crore
  • Loss before tax: ₹30.85 crore
  • Tax expense: ₹7.76 crore (Current tax: ₹0.01 crore, Deferred tax credit: ₹7.76 crore)
  • Net loss: ₹23.09 crore (attributable to equity holders)
  • Other comprehensive loss: ₹0.99 crore
  • Total comprehensive loss: ₹23.09 crore
  • EPS: ₹(5.90) per share (basic and diluted)

Segment-wise Performance (Q1 FY27)

Standalone:

  • Sugar segment revenue: ₹396.44 crore, segment loss: ₹17.38 crore
  • Power segment revenue: ₹13.60 crore, segment loss: ₹4.56 crore
  • Distillery segment revenue: ₹65.02 crore, segment profit: ₹4.37 crore

Consolidated:

  • Sugar segment revenue: ₹398.00 crore, segment loss: ₹17.24 crore
  • Power segment revenue: ₹13.60 crore, segment loss: ₹4.56 crore
  • Distillery segment revenue: ₹65.02 crore, segment profit: ₹4.37 crore

Board Meeting Outcomes

The Board of Directors at its meeting held on August 8, 2026 (1:15 PM to 2:00 PM):

1. Approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026

2. Approved revised remuneration of Mr. Rakesh Kumar Gangwar (DIN: 09485856), Managing Director, for one year from August 13, 2026 to August 12, 2027, subject to shareholder approval via postal ballot

3. Approved re-appointment of Mr. Satish Agrawal (DIN: 00167589) as Non-Executive Independent Director for second term of five years from November 3, 2026 to November 2, 2031, subject to shareholder approval via postal ballot

4. Approved Notice of Postal Ballot for seeking shareholder approval for the above appointments

Subsidiary Information

  • Mawana Foods Private Limited (subsidiary) contributed revenues of ₹9.92 crore and net profit of ₹0.09 crore for Q1 FY27
  • The subsidiary's results were reviewed by its independent auditor

Exceptional Items

The Company reversed ₹9.43 crore in both standalone and consolidated financial results for Q4 FY26 related to reassessment of Code on Wages, 2019 implementation. The cumulative impact for FY26 was ₹5.32 crore (standalone) and ₹5.52 crore (consolidated).

Pending Corporate Action

Scheme of Arrangement for amalgamation of Mawana Foods Private Limited with the Company is pending final order from NCLT, New Delhi Bench. Financial results do not reflect the proposed amalgamation.

Dividend Information

Final dividend of 40% (₹4.00 per equity share of face value ₹10 each) amounting to ₹15.65 crore was declared for FY26 at AGM held on July 3, 2026, and has been paid to shareholders.

Auditor Review

S.R. Batliboi & Co. LLP conducted limited review of both standalone and consolidated financial results and issued unmodified review reports dated August 8, 2026.

Key Personnel Details

Mr. Rakesh Kumar Gangwar (Managing Director):

  • 55 years old, with Company since 2009
  • 34 years experience in sugar and distillery operations
  • Previously worked with DCM Shriram Industries Limited & DCM Shriram Ltd.

Mr. Satish Agrawal (Independent Director):

  • Chartered Accountant, Managing Partner of S.R.K.A. & Co., Chartered Accountants
  • GST Consultant to the Company
  • Not debarred from directorship by SEBI