News Earnings Gayatri Sugars Reports Q3FY26 Net Loss of ₹568.34 Lakhs Against Prior Year ProfitGayatri Sugars Reports Q3FY26 Net Loss of ₹568.34 Lakhs Against Prior Year Profit
Gayatri Sugars Limited reported a net loss of ₹568.34 lakhs for Q3FY26 ended December 31, 2025, compared to a profit of ₹123.99 lakhs in Q3FY25. Revenue from operations declined 25.90% to ₹8,116.55 lakhs. For nine months FY26, the company posted a net loss of ₹4,549.24 lakhs against ₹3,778.15 lakhs loss in the previous year. The sugar segment contributed ₹6,157.84 lakhs while distillery segment generated ₹1,171.07 lakhs in Q3FY26 revenue.
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Gayatri Sugars Limited announced its unaudited financial results for the third quarter ended December 31, 2025, showing a significant shift from profitability to losses compared to the same period last year. The Board of Directors approved these results at their meeting held on February 10, 2026.
Financial Performance Overview
The company reported a net loss of ₹568.34 lakhs for Q3FY26, marking a substantial decline from the net profit of ₹123.99 lakhs recorded in Q3FY25. This represents a year-over-year deterioration in financial performance.
| Financial Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹8,116.55 lakhs | ₹10,953.27 lakhs | -25.90% |
| Total Income | ₹8,148.94 lakhs | ₹10,981.30 lakhs | -25.81% |
| Net Profit/(Loss) | ₹(568.34) lakhs | ₹123.99 lakhs | Loss |
| Basic EPS | ₹(0.76) | ₹0.18 | Negative |
Nine-Month Performance
For the nine months ended December 31, 2025, the company's financial performance showed continued challenges. The net loss widened to ₹4,549.24 lakhs compared to ₹3,778.15 lakhs in the corresponding period of the previous year.
| Nine-Month Metrics | FY26 (9M) | FY25 (9M) | Variance |
|---|---|---|---|
| Revenue from Operations | ₹12,257.72 lakhs | ₹14,085.27 lakhs | -12.97% |
| Total Expenses | ₹16,842.63 lakhs | ₹17,896.04 lakhs | -5.88% |
| Net Loss | ₹(4,549.24) lakhs | ₹(3,778.15) lakhs | -20.41% |
Segment-wise Performance
Gayatri Sugars operates through two primary business segments: sugar and distillery. The segment-wise revenue breakdown for Q3FY26 shows:
| Business Segment | Q3FY26 Revenue | Q3FY25 Revenue | Performance |
|---|---|---|---|
| Sugar | ₹6,157.84 lakhs | ₹10,256.56 lakhs | -39.97% |
| Distillery | ₹1,171.07 lakhs | ₹1,759.48 lakhs | -33.44% |
The sugar segment generated a positive result of ₹636.50 lakhs in Q3FY26, while the distillery segment recorded a loss of ₹512.91 lakhs during the same period.
Expense Analysis
The company's total expenses for Q3FY26 amounted to ₹8,717.28 lakhs compared to ₹10,857.31 lakhs in Q3FY25. Key expense components included:
- Cost of Material Consumed: ₹14,071.13 lakhs
- Employee Benefits Expense: ₹625.55 lakhs
- Finance Costs: ₹724.32 lakhs
- Other Expenses: ₹1,279.28 lakhs
Notably, the company benefited from a positive change in inventories of ₹8,239.74 lakhs, which helped offset some of the material costs.
Financial Position and Outlook
As of December 31, 2025, the company's total segment assets stood at ₹25,585.30 lakhs, while segment liabilities were ₹38,634.35 lakhs. The company maintains a negative networth of ₹8,138.17 lakhs as of March 31, 2025.
The management noted that the sugar industry's seasonal nature makes quarterly performance comparisons challenging. The company continues to face ongoing legal matters related to electricity duty levies, with a contingent liability of ₹283.99 lakhs outstanding.
The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors MOS & Associates LLP providing a limited review report with specific attention to the electricity duty matter.
Historical Stock Returns for Gayatri Sugars
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.98% | -0.48% | +5.54% | -16.08% | -19.12% | +399.03% |
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