Simbhaoli Sugars reports net loss for FY26

2 min read     Updated on 31 May 2026, 06:22 AM
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AI Summary

Simbhaoli Sugars Limited published its unaudited consolidated financial results for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025, along with the Audited Financial Results for the year ended March 31, 2026. The company reported a net loss of ₹1,981.19 lakh for the year ended March 31, 2026, on a total income from operations of ₹99,669.05 lakh. The results were certified by the CFO and taken on record by the IRP, as the company is undergoing the Corporate Insolvency Resolution Process.

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Simbhaoli Sugars Limited has published its Consolidated Unaudited Financial Results for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025, along with the Audited Financial Results for the year ended March 31, 2026. The publication, which appeared in Business Standard (English) and Business Standard (Hindi) on May 30, 2026, follows the review and certification of these results by the Interim Resolution Professional (IRP), Mr. Anurag Goel, and the Chief Financial Officer, Mr. Dayal Popli. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, with the Board of Directors' powers suspended since July 11, 2024.

Financial Performance Overview

The unaudited consolidated financial results for the reported periods reflect a challenging financial environment for the company. For the quarter ended December 31, 2025, the company reported a total income from operations of ₹20,938.99 lakh and a net loss of ₹14.21 lakh. In the half-year ended September 30, 2025, the total income stood at ₹43,406.72 lakh with a net loss of ₹53.67 lakh. The audited results for the full year ended March 31, 2026, showed a total income from operations of ₹99,669.05 lakh and a net loss of ₹19.81 lakh.

Key Financial Metrics

The following table summarizes the key financial figures for the periods ended December 31, 2025, and March 31, 2026:

Period Ended Total Income from Operations (Net) (₹ in Lacs) Net Profit/(Loss) for the Period (₹ in Lacs)
September 30, 2025 (Quarter) 22,299.55 (3,121.84)
September 30, 2025 (Half Year) 43,406.72 (5,366.78)
December 31, 2025 (Quarter) 20,938.99 (1,421.34)
December 31, 2025 (Nine Months) 64,345.71 (6,788.12)
March 31, 2026 (Year) 99,669.05 (1,981.19)

Regulatory and Procedural Details

The financial statements of the material subsidiary, SPPL, for certain previous periods were not audited during the relevant reporting periods, leading to inconsistencies in comparative figures. Consequently, the unaudited consolidated financial results have not been considered and recommended by the Audit Committee or the Board of Directors. However, the results were certified by the CFO and taken on record by the IRP solely for the purpose of ensuring compliance by the Corporate Debtor with applicable laws. The IRP has relied upon the certifications and representations of the management and officials of the Corporate Debtor.

What is the expected timeline for the Corporate Insolvency Resolution Process (CIRP) to conclude?

How will the sustained net losses impact the valuation of the company during the resolution process?

Are there potential bidders currently interested in acquiring Simbhaoli Sugars Limited?

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