Magadh Sugar FY26 Net Profit Falls, Declares Dividend
Magadh Sugar & Energy Limited's audited financial results for the year ended March 31, 2026, show a decline in net profit to ₹6,350.76 lakhs compared to ₹10,944.61 lakhs in FY25. Total income for FY26 stood at ₹1,24,878.34 lakhs. The board recommended a final dividend of ₹12.50 per equity share and appointed Mr. Rajan Arvin Dalal as an Independent Director.

*this image is generated using AI for illustrative purposes only.
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. The statutory auditors issued an audit report with an unmodified opinion on the annual financial results. The company disclosed a newspaper advertisement published in The Business Standard regarding these results.
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):
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations: | 29,067.05 | 29,641.99 | 35,520.75 | 1,24,453.71 | 1,32,228.50 |
| Other Income: | 206.55 | 90.32 | 82.09 | 424.63 | 282.16 |
| Total Income: | 29,273.60 | 29,732.31 | 35,602.84 | 1,24,878.34 | 1,32,510.66 |
| Total Expenses: | 22,974.75 | 26,082.62 | 25,983.23 | 1,16,271.76 | 1,17,732.65 |
| Profit Before Exceptional Items & Tax: | 6,298.85 | 3,649.69 | 9,619.61 | 8,606.58 | 14,778.01 |
| Exceptional Items: | 73.03 | (156.35) | — | (83.32) | — |
| Profit Before Tax: | 6,371.88 | 3,493.34 | 9,619.61 | 8,523.26 | 14,778.01 |
| Total Tax Expense: | 1,516.72 | 984.79 | 2,469.06 | 2,172.50 | 3,833.40 |
| Net Profit After Tax: | 4,855.16 | 2,508.55 | 7,150.55 | 6,350.76 | 10,944.61 |
| Total Comprehensive Income: | 4,893.42 | 2,507.42 | 7,159.20 | 6,385.63 | 10,947.97 |
| Basic & Diluted EPS (₹): | 34.46* | 17.80* | 50.75* | 45.07 | 77.67 |
* not annualised
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):
| Segment: | Revenue FY26 | Revenue FY25 | Results FY26 | Results FY25 |
|---|---|---|---|---|
| Sugar: | 1,09,105.22 | 1,19,119.91 | 8,468.45 | 11,419.28 |
| Distillery: | 29,792.00 | 29,581.59 | 3,397.69 | 6,003.90 |
| Co-generation: | 7,424.97 | 8,380.04 | 1,800.05 | 2,178.47 |
| Total Segment: | 1,46,322.19 | 1,57,081.54 | 13,666.19 | 19,601.65 |
Dividend Recommendation and Board Appointments
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.
Additionally, the board approved the appointment of Mr. Rajan Arvin Dalal as an Independent Director for a term of five years effective from May 11, 2026, subject to shareholder approval. The re-appointment of M/s D Radhakrishnan & Co., Cost Accountant, as Cost Auditor for the financial year 2026-27 was also approved, subject to ratification by shareholders.
Historical Stock Returns for Magadh Sugar & Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.44% | +1.48% | -9.09% | -9.15% | -35.54% | +77.90% |
How might government sugar pricing policies and ethanol blending mandates impact Magadh Sugar's distillery segment profitability in FY27?
Given the significant year-on-year decline in EBITDA margins, what operational restructuring or cost optimization strategies is management likely to pursue to restore profitability?
With sugarcane procurement costs and sugar realization prices being key margin drivers, how could monsoon patterns and UP state advisory prices affect Magadh Sugar's FY27 performance?
































