Vishwaraj Sugar Industries narrows FY26 loss to ₹2,817 lakh
Vishwaraj Sugar Industries Limited narrowed its net loss to ₹2,817.14 lakh for FY26 from ₹3,702.33 lakh in FY25, as revenue fell to ₹37,681.01 lakh due to higher sugarcane costs. The company posted a Q4 net profit of ₹1,092.86 lakh, up from ₹205.82 lakh a year ago, and submitted newspaper advertisements for the results to exchanges.
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Vishwaraj Sugar Industries Limited reported a net loss of ₹2,817.14 lakh for the financial year ended March 31, 2026, narrowing from the previous year's loss of ₹3,702.33 lakh. Revenue from operations fell to ₹37,681.01 lakh in FY26 from ₹45,391.89 lakh in FY25, impacted by increased sugarcane prices and raw material costs. The Karnataka state government increased the sugarcane price by ₹50 above the Central Government's FRP, contributing to the financial pressure.
For the quarter ended March 31, 2026, the company reported a net profit of ₹1,092.86 lakh, compared to a net profit of ₹205.82 lakh in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹11,102.80 lakh, down from ₹16,668.41 lakh in Q4FY25. The Board of Directors approved the audited financial results at its meeting held on May 29, 2026.
Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted copies of newspaper advertisements containing the financial results to BSE Limited and National Stock Exchange of India Limited. The results were published in "Vijayavani" (Kannada) and "The New Indian Express" (English) on May 30, 2026. M/s. P. G. Ghali & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the results.
Financial Performance
The company's total expenses for FY26 amounted to ₹43,456.40 lakh, a decrease from ₹49,261.63 lakh in the previous year. Finance costs for the year were ₹2,973.87 lakh, while depreciation and amortization expenses stood at ₹1,828.19 lakh. The basic and diluted earnings per share (EPS) for FY26 were reported at a loss of ₹1.26, compared to a loss of ₹1.74 in FY25.
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 37,681.01 | 45,391.89 |
| Total Income | 38,279.58 | 46,154.96 |
| Total Expenses | 43,456.40 | 49,261.63 |
| Profit/(Loss) before tax | (5,176.82) | (3,106.67) |
| Net Profit/(Loss) for the period | (2,817.14) | (3,702.33) |
Segment Performance
Segment-wise revenue for the year showed Sugar contributing ₹24,859.02 lakh, Co-generation contributing ₹2,436.26 lakh, and Distillery contributing ₹9,409.95 lakh. The Vinegar Unit generated revenue of ₹1,260.43 lakh. The company commenced commercial operations of its new 150 KLPD Ethanol Distillery Plant in January 2026, increasing its total distillery capacity to 250 KLPD.
Balance Sheet and Cash Flows
The company's total assets as of March 31, 2026, stood at ₹82,775.47 lakh, slightly higher than ₹81,852.93 lakh in the previous year. Total equity decreased to ₹25,295.46 lakh from ₹28,047.83 lakh. Cash and cash equivalents at the end of the year were ₹254.96 lakh, down from ₹969.32 lakh at the beginning of the year. The net cash from operating activities for the year was ₹3,718.11 lakh.
Historical Stock Returns for Vishwaraj Sugar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.23% | +0.35% | +1.40% | -19.33% | -45.28% | -81.77% |
How will the commissioning of the new 150 KLPD Ethanol Distillery Plant impact revenue and margins in FY27?
Can the company sustain its Q4 profitability trend given the reduced cash reserves and ongoing finance costs?
Will the Karnataka state government continue to impose sugarcane price hikes above the Central FRP in the upcoming season?
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