Incorporated in 1995, Shree Renuka Sugars Ltd does manufacturing and refining of sugar, ethyl alcohol, ethanol, generation and sale of power.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹2,273 cr consolidated, -12.7% YoY (vs ₹2,603 cr in Q3 FY25), and -6.2% QoQ (from ₹2,423 cr in Q2 FY26).
- EBITDA / Operating Profit: ₹249 cr, positive turnaround from the prior year loss, Q3 FY25 had a marginal operating loss. EBITDA margin improved to 12.0% from 1.6% in Q3 FY25.
- PAT / Net Loss: ₹-38.3 cr consolidated in Q3 FY26 (loss), significantly narrower than ₹-203.6 cr loss in Q3 FY25. Basic loss per share ₹0.18 vs ₹0.96 last year.
- 9M FY26 YTD: Total income ₹6,726 cr; consolidated net loss ₹669.9 cr for 9M FY26 vs ₹391.4 cr loss in 9M FY25, losses widened in the nine-month period.
Management Commentary & Strategic Decisions
- Management highlighted a significant improvement in operating profitability compared with the prior year quarter, driven by better cost management, improved sugar and ethanol sales mix, and recovery in distillery operations, though overall volume and pricing headwinds persisted.
- Leadership emphasised a turnaround in EBITDA from loss to positive ₹249 cr, noting operational efficiency gains and improved margins in downstream businesses.
- Strategic focus continues on ethanol production scaling, power generation optimisation, and sugar export opportunities amid structural policy support for ethanol blending, longer-term growth themes in the agro-based business.
- Net loss reduction QoQ and YoY was a key message from market updates on results release, indicating improved financial discipline.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹2,422.8 cr in Q2 FY26, -5.6% YoY vs ₹2,566.2 cr in Q2 FY25, but +20.5% QoQ from Q1 FY26.
- EBITDA / Operating Profit: Loss of ₹182.2 cr (operating loss), compared with profit previously, indicating ongoing operational headwinds.
- PAT / Net Loss: ₹-368.6 cr, a deepening YoY loss (vs -₹22.3 cr in Q2 FY25).
- Other key metrics: Q2 FY26 net loss widened substantially, reflecting sector pricing pressures, higher costs and inventory impacts.
Management Commentary Q2
- Management noted continued losses driven by weak sugar pricing and high input costs, with the quarter’s financials reflecting residual impacts from production and inventory valuations inherent in the sugar cycle.
- Commentary highlighted strategic emphasis on diversifying revenue streams (ethanol, power) to mitigate cyclical sugar business volatility.
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