Financial Performance Overview

Zuari Industries Limited announced its audited financial results for the quarter and financial year ended March 31, 2026.

Standalone Performance:

  • Total income: ₹994.9 crore for FY26
  • EBITDA: ₹191.5 crore, up 6.8% from FY25
  • Profit Before Tax (before exceptional items): ₹54.1 crore, up 70% from FY25
  • Profit After Tax: ₹12.1 crore for the year against a loss of ₹37.4 crore in FY25

Consolidated Performance:

  • Total income: ₹1,155.1 crore for FY26
  • Consolidated EBITDA: ₹181.0 crore, up 12.2% from FY25
  • Profit Before Tax (before exceptional items): ₹131.5 crore for the year against a loss of ₹67.8 crore in FY25
  • Consolidated Profit After Tax: ₹105.8 crore for the year against a loss of ₹94.4 crore in FY25

The Company continued to benefit from improved operational efficiencies, financial discipline, and lower borrowing costs during the year.

Segment-wise Performance

Sugar, Power & Ethanol (SPE) Division:

  • Achieved highest-ever Q4 crush of 92.4 lakh quintals (vs 83.2 lakh quintals in Q4 FY25)
  • Recorded highest-ever seasonal crush of 163.7 lakh quintals (surpassing previous record of 149.3 lakh quintals in SS 2022-23)
  • Total cane crush for FY26: 159.7 lakh quintals (vs 157.2 lakh quintals in FY25)
  • Sugar production during Q4 increased by 7% YoY to 8.8 lakh quintals
  • Sugar sales during Q4 increased 6% YoY to 3.9 lakh quintals
  • Ethanol production during FY26 increased by 10.1% YoY to 37,276 KL (vs 33,869 KL in FY25)

Real Estate Business (Zuari Infraworld India Limited):

  • The St. Regis Residences, Dubai project achieved approximately 98% completion
  • Handovers scheduled from June 2026
  • EBITDA improved to ₹57.6 crore in Q4 FY26 compared to ₹14.9 crore in Q4 FY25

Engineering Business (Simon India Limited):

  • EBITDA improved to ₹6.8 crore compared to ₹0.9 crore in FY25
  • Entered into strategic partnerships and MoUs with IIT Bombay, ISM Dhanbad, NML Jamshedpur, Ballestra Italy, and NIUIF
  • Strengthened technology capabilities and domain expertise across focus sectors

Financial Services:

  • Zuari Finserv Limited reported EBITDA growth of 61% YoY in FY26
  • Zuari Insurance Brokers Limited reported EBITDA growth of 54% YoY in FY26

Bioenergy Joint Venture:

  • Zuari Envien Bioenergy Pvt. Ltd. continued scaling its bioenergy operations
  • Orders secured till October 2026

Detailed Financial Snapshot (Standalone)

| ZIL Standalone | Q4 FY26 | Q4 FY25 | FY26 | FY25 |

| Revenue from Operations | 248.1 | 243.9 | 874.3 | 870.7 |

| Other income | 19.2 | 14.7 | 120.6 | 109.3 |

| Total Income | 267.3 | 258.6 | 994.9 | 979.9 |

| EBITDA (Operating) | 46.6 | 49.9 | 70.8 | 70.0 |

| EBITDA | 65.8 | 64.5 | 191.5 | 179.3 |

| Finance Cost | 29.3 | 30.9 | 111.8 | 123.2 |

| Depreciation & Amortization | 6.4 | 6.0 | 25.5 | 24.3 |

| PBT (Before Exceptional Item) | 30.1 | 27.6 | 54.1 | 31.8 |

Management Commentary

Mr. Athar Shahab, Managing Director, Zuari Industries Ltd, commented:

"FY26 reflects steady operational progress across our businesses, supported by stronger execution, improved efficiencies, and continued operational discipline.

Our Sugar, Power & Ethanol division achieved its highest-ever Q4 crush, highest-ever seasonal crush, and highest-ever financial crush during the year. This performance was driven by sustained focus on cane development, improved operational efficiencies, higher capacity utilisation, and stronger execution across the value chain. Ethanol operations also remained stable during the year.

Our Real Estate business continued to make progress, with The St. Regis Residences, Dubai project moving closer to completion. Simon India also strengthened its engineering and technology capabilities through strategic collaborations while continuing its digital transformation journey.

Across our businesses, we remain focused on strengthening core operations, maintaining financial discipline, and pursuing sustainable long-term growth opportunities."

Corporate Structure and Contact Information

Zuari Industries Limited is the apex company of Adventz, with a legacy of over five decades, operating through its divisions, subsidiaries, and joint ventures across key sectors including Sugar, Power & Ethanol, Engineering & Construction, Real Estate, Biofuels, Financial and Management Services.

Contact Details:

  • Company Secretary: Yadvinder Goyal (ig.zgl@adventz.com / yadvinder.goyal@adventz.com)
  • Investor Relations: MUFG Pension & Market Services (Devansh Dedhia/ Darshni Desai)
  • Tel: +91 (124) 482 7800