Indian Sucrose Limited has delivered impressive Q3FY26 financial results, with net profit surging 135% year-on-year to ₹673 lakh compared to ₹286 lakh in Q3FY25. The sugar manufacturer's revenue from operations also showed robust growth of 54%, reaching ₹7,974 lakh against ₹5,168 lakh in the corresponding quarter of the previous fiscal year.

Strong Quarterly Performance Across Key Metrics

The company's quarterly performance demonstrated significant improvement across multiple financial parameters. Total income, including other income, reached ₹8,424 lakh compared to ₹5,649 lakh in Q3FY25, representing a substantial increase of 49%.

Profit before tax increased to ₹738 lakh from ₹386 lakh in Q3FY25, while total expenses rose to ₹7,686 lakh from ₹5,264 lakh, primarily driven by higher cost of materials consumed.

Segment-wise Revenue Analysis

The company operates through two primary segments - sugar and cogeneration. The sugar segment generated revenue of ₹8,906 lakh in Q3FY26, while the cogeneration segment contributed ₹1,799 lakh. After adjusting for inter-segment revenue of ₹2,731 lakh, the net segment revenue totaled ₹7,974 lakh.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Indian Sucrose Limited reported net profit of ₹501 lakh compared to ₹237 lakh in the corresponding period of FY25, marking an increase of 111%. However, revenue from operations for the nine-month period declined to ₹20,255 lakh from ₹23,323 lakh in the previous year.

Regulatory Compliance and Tax Settlement

The company has applied for the "One Time Settlement Scheme for recovery of outstanding dues 2025" of Government of Punjab, Department of Excise and Taxation. Indian Sucrose Limited deposited ₹1,716.54 lakh (including ₹699.41 lakh deposited under protest in earlier years) against demands pertaining to FY1997-98 to 2011-12 with Cane Value Added Tax and Sales Tax department.

Operational Highlights

The company's sugar and power segments being seasonal in nature, the quarterly performance may not be representative of annual performance. The financial results were approved by the Board of Directors at their meeting held on February 12, 2026, following recommendation from the Audit Committee. The company maintains its paid-up equity share capital at ₹1,738 lakh with a face value of ₹10 per share.

Indian Sucrose Limited has officially formalized the appointment of Mr. Sudeep Saxena as Non-Executive Independent Director, following the successful conclusion of its postal ballot process. The appointment became effective from January 31, 2026, for a five-year term extending until January 30, 2031.

Postal Ballot Results and Shareholder Approval

The postal ballot concluded on January 31, 2026, with all three proposed resolutions receiving overwhelming shareholder approval. The voting process covered critical resolutions that will shape the company's governance and operational framework.

Director Profile and Qualifications

Mr. Sudeep Saxena, aged 61 years, brings extensive experience in banking, corporate governance, legal compliance, and capital markets. He holds a Bachelor's degree in Mathematics and Law from the University of Delhi, and began his career as a Probationary Officer in the State Bank Group in 1988.

Voting Results and Participation

The first resolution regarding Mr. Sudeep Saxena's appointment received the highest participation, with 11224771 votes polled representing 64.5967% of outstanding shares. The resolution passed with 99.9999% votes in favor, receiving only 16 dissenting votes.

Regulatory Compliance and Process

The company has informed BSE Limited about the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot process was conducted under the supervision of Dharmendra Kumar Dubey of D.K. Dubey & Associates, Company Secretaries, who was appointed as scrutinizer.

As of the record date December 26, 2025, Indian Sucrose Limited maintained a fully paid-up share capital of ₹17,37,67,010, comprising 17376701 equity shares of ₹10 each. The company confirmed that Mr. Saxena has no relationships with other directors and holds no shares in the company.