Financial Results Overview

Quarterly Performance (Q2 FY27)

  • Revenue from Operations: ₹3,499.98 lakhs (compared to ₹4,809.36 lakhs in Q1 FY27 and ₹4,252.64 lakhs in Q2 FY26)
  • Other Income: ₹317.89 lakhs
  • Total Income: ₹3,531.77 lakhs
  • Total Expenses: ₹3,856.76 lakhs
  • Loss before tax: ₹(324.99) lakhs
  • Tax Expense: ₹87.46 lakhs (Deferred Tax)
  • Loss after tax: ₹(333.73) lakhs
  • Other Comprehensive Income: ₹173.40 lakhs
  • Total Comprehensive Income: ₹(316.39) lakhs
  • Earnings per share (Basic & Diluted): ₹(2.97)

Half-Year Performance (H1 FY27)

  • Revenue from Operations: ₹8,309.34 lakhs
  • Other Income: ₹517.90 lakhs
  • Total Income: ₹8,361.13 lakhs
  • Total Expenses: ₹8,675.76 lakhs
  • Loss before tax: ₹(314.63) lakhs
  • Tax Expense: ₹41.99 lakhs (Deferred Tax)
  • Loss after tax: ₹(318.83) lakhs
  • Other Comprehensive Income: ₹57.93 lakhs
  • Total Comprehensive Income: ₹(313.04) lakhs
  • Earnings per share (Basic & Diluted): ₹(2.83)

Segment-wise Performance (Q2 FY27)

Segment Revenue:

  • Sugar: ₹2,136.82 lakhs
  • Co-generation: ₹176.40 lakhs
  • Industrial Alcohol: ₹1,347.93 lakhs
  • Potable Alcohol: ₹21.14 lakhs
  • Unallocated: ₹595.91 lakhs
  • Total Segment Revenue: ₹3,741.88 lakhs
  • Less: Inter-segment Revenue: ₹241.90 lakhs
  • Net Sales/Income from Operations: ₹3,499.98 lakhs

Segment Results (Profit/Loss before interest & tax):

  • Sugar: ₹64.11 lakhs profit
  • Co-generation: ₹(505.94) lakhs loss
  • Industrial Alcohol: ₹(746.34) lakhs loss
  • Potable Alcohol: ₹(50.86) lakhs loss
  • Unallocated: ₹5.56 lakhs profit
  • Total Segment Results: ₹(656.45) lakhs loss

Assets and Liabilities Position (as of September 30, 2026)

Total Assets: ₹8,215.18 lakhs

  • Non-Current Assets: ₹3,855.31 lakhs
  • Property Plant & Equipment: ₹3,226.77 lakhs
  • Capital Work-in-Progress: ₹348.43 lakhs
  • Investment Property: ₹5.48 lakhs
  • Other Intangible Assets: ₹37.40 lakhs
  • Financial Assets: ₹508.70 lakhs
  • Other Non-current Assets: ₹224.95 lakhs
  • Current Assets: ₹4,359.87 lakhs
  • Inventories: ₹1,964.35 lakhs
  • Trade Receivables: ₹1,244.38 lakhs
  • Cash & Cash Equivalents: ₹204.09 lakhs
  • Bank Balances (other): ₹162.72 lakhs
  • Other Financial Assets: ₹44.59 lakhs
  • Current Tax Assets: ₹192.18 lakhs
  • Other Current Assets: ₹944.33 lakhs

Total Equity and Liabilities: ₹8,215.18 lakhs

  • Equity: ₹2,012.54 lakhs
  • Equity Share Capital: ₹1,125.00 lakhs (Face Value Re. 1 per share)
  • Other Equity: ₹887.54 lakhs (compared to ₹2,224.33 lakhs as of March 31, 2026)
  • Non-current Liabilities: ₹556.31 lakhs
  • Borrowings: ₹423.03 lakhs
  • Provisions: ₹33.43 lakhs
  • Deferred Tax Liabilities (Net): ₹99.85 lakhs
  • Current Liabilities: ₹5,646.34 lakhs
  • Borrowings: ₹4,050.42 lakhs
  • Trade Payables: ₹3,031.06 lakhs
  • Other Financial Liabilities: ₹762.60 lakhs
  • Other Current Liabilities: ₹385.12 lakhs
  • Provisions: ₹145.09 lakhs

Cash Flow Statement (Half-Year ended September 30, 2026)

  • Net cash from Operating activities: ₹2,940.24 lakhs
  • Net cash used in Investing activities: ₹(325.10) lakhs
  • Net cash used in Financing activities: ₹(2,614.28) lakhs
  • Net increase in Cash and Cash equivalents: ₹0.87 lakhs
  • Closing Cash and Cash equivalents: ₹204.09 lakhs

Key Notes and Disclosures

1. The main business of the Company being seasonal, the figures of the current period are not indicative of the annual results.

2. Inter-segment Transfers of Bagasse and Molasses are recorded at net realisable value, while other items are recorded at cost.

3. The statement has been prepared in accordance with Indian Accounting Standards (Ind AS).

4. The Company does not have any Subsidiary, Associate Company or Joint Venture as on September 30, 2026.

5. The results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 27, 2026.

6. The financial results were reviewed by Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057).