Ugar Sugar Works Announces Q3FY26 Results with 204% Profit Growth Under Regulation 33
Ugar Sugar Works Limited reported strong Q3FY26 financial results with net profit surging 204% to ₹1,375.79 lakhs and revenue growing 19.64% to ₹32,892.98 lakhs. The Board approved results under Regulation 33 compliance, showing significant operational recovery despite nine-month period losses.

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Ugar Sugar Works Limited announced its unaudited financial results for Q3FY26 ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved these results in their meeting held on February 13, 2026, demonstrating significant recovery in financial performance.
Financial Performance Highlights
The company delivered exceptional quarterly performance with substantial improvement across key metrics:
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹32,892.98 lakhs | ₹27,497.97 lakhs | +19.64% |
| Net Profit After Tax: | ₹1,375.79 lakhs | ₹452.54 lakhs | +204.00% |
| Profit Before Tax: | ₹1,612.97 lakhs | ₹365.47 lakhs | +341.35% |
| Total Comprehensive Income: | ₹1,489.38 lakhs | ₹493.66 lakhs | +201.63% |
| Earnings Per Share: | ₹1.22 | ₹0.40 | +205.00% |
Nine-Month Performance Analysis
While quarterly results showed strong performance, the nine-month period presented mixed outcomes with significant loss reduction:
| Parameter: | Nine Months FY26 | Nine Months FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹1,11,807.46 lakhs | ₹88,320.43 lakhs | +26.59% |
| Net Loss After Tax: | ₹3,214.89 lakhs | ₹6,733.36 lakhs | -52.26% |
| Loss Before Tax: | ₹2,967.04 lakhs | ₹6,711.44 lakhs | -55.79% |
Segment-wise Revenue Performance
The company's diversified business portfolio showed varied performance across segments in Q3FY26:
| Segment: | Q3FY26 Revenue (₹ lakhs) | Business Focus |
|---|---|---|
| Sugar: | 21,059.28 | Core seasonal operations |
| Industrial Alcohol: | 17,670.68 | Strong growth driver |
| Co-generation: | 6,409.08 | Energy portfolio |
| Potable Alcohol: | 915.71 | Niche segment |
Operational Developments
The company commenced crushing activities for Sugar Season 2025-26 with the Ugar Unit starting operations on November 10, 2025, and the Jewargi Unit beginning on November 23, 2025. This seasonal activity remains crucial for sugar production and overall business performance.
Corporate Governance and Compliance
The results were reviewed by the Audit Committee and approved by the Board of Directors. The company maintains its equity share capital at ₹1,125.00 lakhs with a face value of Re. 1 per share. The company operates manufacturing facilities at Ugarkhurd in Belagavi district and Nagarhalli-Malli Village in Kalburgi district, Karnataka, with its registered office in Sangli, Maharashtra.
Historical Stock Returns for Ugar Sugar Works
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.22% | -4.28% | -4.61% | -13.50% | -25.12% | +129.36% |

































