Ugar Sugar Works Limited reported a net profit of ₹1,361.20 lakh for the financial year ended March 31, 2026, rebounding from a net loss of ₹1,624.95 lakh in the previous year. The company’s total revenue rose to ₹1,52,261.03 lakh from ₹1,42,080.56 lakh in the prior year, driven by increased operational output.

The company crushed 19.51 Lakh MT of sugarcane across its Ugar and Jewargi units, producing 19.97 Lakh quintals of sugar. Ethanol production reached 993.48 Lakh BL, up from 942.24 Lakh BL in the previous year. The recovery rates stood at 11.65% at Ugar and 10.68% at Jewargi.

Financial Performance

The turnaround in profitability was supported by a rise in total revenue and efficient cost management. Profit before tax and exceptional items was ₹1,673.51 lakh, compared to a loss of ₹2,211.11 lakh in FY25. Earnings per share (EPS) improved to ₹1.21 from a negative ₹1.44 in the previous year.

Operational Highlights

During the sugar season 2025-26, the Ugar unit operated for 121 days, crushing 15.50 Lakh MT of cane, while the Jewargi unit operated for 111 days, crushing 4.05 Lakh MT. The company also generated 1,968.56 Lakh KW of power and exported 763.96 Lakh KW to the grid.

The Board of Directors has recommended a dividend of 10%, amounting to ₹0.10 per share, for the financial year 2025-26. This marks a return to dividend distribution after a nil payout in the previous year.

Corporate Governance

The company’s statutory auditors, M/s. Kirtane & Pandit LLP, confirmed their eligibility for the financial year 2026-27. The Board has appointed M/s. Dhananjay V. Joshi & Associates as the Cost Auditor for FY27, subject to shareholder ratification. The company remains compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The promoters and promoter group of Ugar Sugar Works have declared that no encumbrance was created on the shares held by them during the financial year ended March 31, 2026. This disclosure ensures compliance with regulatory requirements regarding the pledging or hypothecation of promoter holdings, signaling stability in the ownership structure during the period.

The declaration was submitted under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates that promoters inform the stock exchanges if they have pledged or otherwise encumbered their shares, either directly or indirectly, during the financial year.

The filing, dated April 10, 2026, was signed by Chandan Sanjeev Shirgaokar on behalf of the promoters and promoter group. It confirms that the entire promoter holding remained free of encumbrances throughout FY26.

List of Promoters and Promoter Group

The disclosure identified 44 entities comprising the promoter and promoter group of Ugar Sugar Works. The list includes individuals and corporate bodies categorized as either promoters or members of the promoter group.