The Board of Directors of Magadh Sugar & Energy Limited convened a meeting on May 11, 2026, and approved the audited financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), issued an audit report with an unmodified opinion on the annual financial results. The meeting commenced at 12:00 Noon and concluded at approximately 02:45 p.m.

Key Financial Highlights

The company's consolidated financial performance for the year ended March 31, 2026, reflected a decline compared to the previous year. Total income stood at ₹1,24,878.34 lakhs for FY26, against ₹1,32,510.66 lakhs in FY25. EBITDA for FY26 came in at Rs. 151 Cr, compared to Rs. 214 Cr in FY25. Net profit after tax for the full year was ₹6,350.76 lakhs (Rs. 64 Cr), compared to ₹10,944.61 lakhs (Rs. 109 Cr) in the prior year. On a quarterly basis, Q4 FY26 net profit after tax stood at ₹4,855.16 lakhs (Rs. 49 Cr), compared to ₹7,150.55 lakhs (Rs. 72 Cr) in Q4 FY25. Q4 revenue came in at 2.91B rupees versus 3.6B rupees in the same period last year, while Q4 EBITDA declined to 780M rupees (Rs. 81 Cr) from 1.2B rupees (Rs. 116 Cr) year-on-year. The Q4 EBITDA margin contracted to 26.82% from 32.49% in the corresponding prior-year period. The following table summarises the key financial metrics (₹ in lakhs):

* not annualised

The table below presents the key Q4 EBITDA and margin metrics on a year-on-year basis:

Segment-Wise Performance

The company operates across three business segments — Sugar, Distillery, and Co-generation. The Sugar segment remained the largest contributor to total segment revenue. The following table presents segment-wise revenue and results for the year ended March 31, 2026 (₹ in lakhs):

After deducting inter-segment revenue of ₹21,868.48 lakhs (FY25: ₹24,853.04 lakhs), total revenue from operations for FY26 stood at ₹1,24,453.71 lakhs.

Balance Sheet and Cash Flow Summary

As at March 31, 2026, the company's total assets stood at ₹1,67,990.79 lakhs, compared to ₹1,68,898.45 lakhs as at March 31, 2025. Total equity increased to ₹88,019.16 lakhs from ₹83,394.98 lakhs in the prior year, supported by other equity of ₹86,610.00 lakhs. Total liabilities declined to ₹79,971.63 lakhs from ₹85,503.47 lakhs. The following table highlights key balance sheet items (₹ in lakhs):

On the cash flow front, net cash generated from operating activities for FY26 was ₹14,841.17 lakhs (FY25: ₹13,935.54 lakhs). Net cash used in investing activities was ₹7,778.34 lakhs, while net cash used in financing activities was ₹7,043.78 lakhs. Cash and cash equivalents at the end of the year stood at ₹30.42 lakhs, up from ₹11.37 lakhs at the beginning of the year.

Dividend Recommendation and Corporate Actions

The Board of Directors recommended a final dividend of ₹12.50 per equity share of ₹10 each (125%) for the year ended March 31, 2026, subject to approval of shareholders at the ensuing Annual General Meeting. The paid-up equity share capital of the company remained unchanged at ₹1,409.16 lakhs.

The Board also approved the following corporate actions at its May 11, 2026 meeting:

• Appointment of Independent Director: Mr. Rajan Arvind Dalal (DIN: 00546264) has been appointed as an Independent Director for a term of five years with effect from May 11, 2026, subject to shareholder approval. Mr. Dalal brings over 50 years of experience across various businesses, including international and financial markets, wealth management, and investment in equity and debt markets. He has been confirmed as not debarred from holding the office of director by virtue of any SEBI order or any other authority.
• Re-appointment of Cost Auditor: M/s D Radhakrishnan & Co., Cost Accountants, Kolkata, has been re-appointed as Cost Auditor for the financial year 2026-27 to audit cost accounting records relating to Sugar, Industrial Alcohol, and Power, subject to ratification of their remuneration by shareholders at the ensuing Annual General Meeting.

Management Commentary

Commenting on the results, Mr. C.S. Nopany, Chairperson, Magadh Sugar & Energy Ltd, noted that the Government of Bihar has launched an ambitious roadmap to revive the sugar industry, aligned with the State's broader economic development objectives focused on agro-industrial growth, employment generation, and technology adoption. He stated that the operating environment during the period remained challenging, marked by bearish sugar prices due to political and economic global factors that were unable to offset rising sugarcane prices, exerting pressure on margins across the industry. He further noted that sugarcane yield was severely affected due to unseasonal rains, resulting in lower availability of raw material and under-utilisation of capacities. Mr. Nopany highlighted that despite these headwinds, the company's diversified operations across Sugar, Ethanol, and Co-generation, coupled with operational efficiency, supported stable cash flows. He also mentioned that with enhanced crushing capacity along with steam-saving measures at the Narkatiaganj unit being fully operational, the company is now installing a Sugar Refinery, which will significantly add value to its products and strengthen overall competitiveness.

Exceptional Items and Auditor's Note

The company recognised exceptional items in the results for the quarter and year ended March 31, 2026, following the Government of India's implementation of the New Labour Codes with effect from November 21, 2025. Based on certain estimates, the company assessed and recognised the financial impact as exceptional items. The management has stated it will continue to track and evaluate the impact of rules notified by the Central/State Government post March 31, 2026 and consider appropriate accounting treatment in relevant periods as needed. The audited financial results and segment results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 11, 2026.

About the Company

Magadh Sugar & Energy Limited was incorporated on March 19, 2015, with its main object to deal in sugar and sugar products, spirits and alcohol of denatured of any strength, and all other products arising out of the manufacturing process of sugar or resultant of any activity related to sugar business, as well as generation of power through various means. The company operates three sugar mills — New Swadeshi Sugar Mills at Narkatiaganj (District West Champaran, Bihar), Bharat Sugar Mills (District Sidhwalia, Bihar), and Hasanpur Sugar Mills at Hasanpur (District Samastipur, Bihar) — with a combined crushing capacity of 21,500 TCD. The company also operates two distilleries for ethanol at Narkatiaganj and Sidhwalia with a total ethanol capacity of 155 KLPD, and a Co-generation facility capable of generating 38 MW of power.

Magadh Sugar & Energy Limited announced its unaudited financial results for Q3FY26 ended December 31, 2025, showcasing strong operational performance across key metrics. The Board of Directors approved the quarterly results at their meeting held on February 6, 2026, demonstrating continued growth momentum in the sugar and energy sectors.

Regulatory Compliance and Newspaper Advertisement

Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements in The Business Standard in English & Hindi (Lucknow Edition) on Saturday, February 7, 2026. The Board meeting commenced at 12:00 Noon and concluded at 2:15 PM on February 6, 2026. The unaudited financial results have been reviewed by the Audit Committee and received limited review from statutory auditors B S R & Co. LLP as required under regulatory guidelines.

Q3FY26 Financial Performance

The company delivered robust financial results with significant improvements in profitability and operational efficiency during the third quarter.

Nine-Month Performance Comparison

For the nine months ended December 31, 2025, the company's performance metrics demonstrate the seasonal nature of the sugar industry.

Operational Efficiency and Margin Expansion

Magadh Sugar & Energy achieved remarkable operational improvements with substantial margin expansion demonstrating effective cost optimization and operational leverage across business segments. The company's diversified business model across sugar, distillery, and co-generation segments contributed to overall performance stability.

Exceptional Items and Regulatory Changes

The company recognized an exceptional item of ₹156.35M during Q3FY26 related to the Government of India's consolidation of multiple labour legislations into four unified Labour Codes on November 21, 2025. The Ministry of Labour & Employment issued draft Central Rules and FAQs on December 30, 2025, and the company continues to monitor evolving regulations for potential future impacts.

Corporate Governance and Transparency

The detailed financial results are available on the company's website at www.magadhsugar.com and on BSE Limited and National Stock Exchange of India Limited websites at www.bseindia.com and www.nseindia.com respectively. The results were approved by Chairperson Chandra Shekhar Nopany (DIN - 00014587) on behalf of the Board of Directors.