Ugar Sugar Works returns to profit in FY26, recommends dividend
The Ugar Sugar Works Limited returned to profitability in FY26 with a net profit of ₹1,361.20 lakh against a loss of ₹1,624.95 lakh in FY25. Revenue increased to ₹1,51,509.34 lakh. The Board recommended a 10% dividend and set the AGM for August 5, 2026.
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The Ugar Sugar Works Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹1,361.20 lakh compared to a net loss of ₹1,624.95 lakh in the prior year. The company's revenue from operations for the year rose to ₹1,51,509.34 lakh from ₹1,40,741.27 lakh in FY25. The Board of Directors has recommended a 10% dividend, equivalent to ₹0.10 per share, subject to shareholder approval at the Annual General Meeting scheduled for August 5, 2026.
The standalone audited financial results for the quarter and year ended March 31, 2026, were approved by the Board during a meeting held on May 12, 2026. Kirtane & Pandit LLP, the statutory auditor, issued an audit report with an unmodified opinion on the financial results. The auditor confirmed that the results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards.
For the quarter ended March 31, 2026, the company reported a net profit of ₹4,576.09 lakh, a decrease from ₹5,108.41 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹39,701.88 lakh, down from ₹52,420.84 lakh in the same period last year. The total comprehensive income for the quarter was ₹4,719.64 lakh.
Segment-wise performance for the year showed varied results across business verticals. The Sugar segment reported a profit before interest and tax of ₹8,036.62 lakh, while the Industrial Alcohol segment recorded a profit of ₹2,026.67 lakh. The Co-generation segment contributed ₹2,471.49 lakh in profit before interest and tax. Total segment assets for the year stood at ₹1,30,422.55 lakh, while total segment liabilities were ₹39,322.54 lakh.
The company's earnings per share (EPS) of Re. 1 for the financial year ended March 31, 2026, was reported at ₹1.21, recovering from a negative EPS of ₹(1.44) in the previous year. For the quarter ended March 31, 2026, the EPS was ₹4.07. The statement of assets and liabilities as of March 31, 2026, showed total assets of ₹1,32,028.17 lakh, an increase from ₹1,13,062.66 lakh in the previous year.
Financial Results for FY26
| Particulars | Year Ended 31-03-2026 (₹ in Lakhs) | Year Ended 31-03-2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 1,51,509.34 | 1,40,741.27 |
| Total Income | 1,52,261.02 | 1,42,080.56 |
| Total Expenses | 1,50,587.51 | 1,44,291.67 |
| Profit before Tax | 1,673.51 | (2,211.11) |
| Net Profit after Tax | 1,361.20 | (1,624.95) |
| Earnings Per Share (Basic) | 1.21 | (1.44) |
Quarterly Performance
| Particulars | Quarter Ended 31-03-2026 (₹ in Lakhs) | Quarter Ended 31-03-2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 39,701.88 | 52,420.84 |
| Total Income | 40,078.42 | 52,931.92 |
| Total Expenses | 35,437.87 | 48,431.59 |
| Profit before Tax | 4,640.55 | 4,500.33 |
| Net Profit after Tax | 4,576.09 | 5,108.41 |
| Earnings Per Share (Basic) | 4.07 | 4.54 |
Historical Stock Returns for Ugar Sugar Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.06% | -0.27% | -4.21% | +0.19% | -14.66% | +42.69% |
What strategic initiatives will Ugar Sugar Works implement to sustain profitability into FY27 given the quarterly revenue decline?
How will the company balance the reinstatement of dividend payouts with potential capital expenditure requirements for the Industrial Alcohol and Co-generation segments?
What are the management's projections for margin expansion across the Sugar, Industrial Alcohol, and Co-generation verticals in the coming year?
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