Ugar Sugar Works Limited , a key player in the Indian sugar industry, has announced the commencement of its sugar crushing operations for the 2025-26 season at its Ugar Unit. The company officially began crushing on November 10, 2025, marking the start of a new production cycle.

Operational Update

In a formal communication to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), Ugar Sugar Works provided the following details:

The company's management expressed optimism about the crushing operations, stating that they anticipate the unit to "pick up to its full capacity in due course." This gradual ramp-up is typical in the sugar industry, allowing for smooth operational transitions and ensuring optimal production efficiency.

Industry Implications

The start of the crushing season is a significant event in the sugar industry calendar. It marks the beginning of the production cycle, which typically runs from late autumn through spring. The timing and efficiency of these operations can have substantial implications for sugar supply, pricing, and the overall performance of sugar companies.

Company Background

Ugar Sugar Works Limited, with its registered office in Mahaveernagar, Sangli, Maharashtra, has been a long-standing entity in the Indian sugar sector. The company's production facility in Ugar Khurd, Belgaum District, Karnataka, plays a crucial role in its operations.

Investor Information

This operational update is particularly relevant for investors and market watchers tracking the sugar sector. As the crushing season progresses, stakeholders will likely keep a close eye on factors such as sugarcane yield, sugar recovery rates, and overall production volumes, which can influence the company's financial performance and stock market valuation.

Ugar Sugar Works Limited continues to maintain transparency with its shareholders and the market, promptly communicating significant operational developments. As the 2025-26 season unfolds, further updates on the company's performance and production milestones are anticipated.

Ugar Sugar Works Ltd , a multi-segment player in the sugar industry, has reported a widened net loss for the first quarter of the fiscal year 2026. The company's financial performance reflects the challenges faced by the sugar sector during this period.

Financial Performance

The company reported a net loss of Rs 1,373.29 lakhs for the quarter ended June 30, 2025, compared to a loss of Rs 1,182.81 lakhs in the corresponding quarter of the previous year. This represents an increase in loss by approximately 16.1%.

Total income from operations stood at Rs 36,388.11 lakhs, showing a modest growth of about 5.5% from Rs 34,494.69 lakhs in the same quarter last year.

Segment-wise Performance

Ugar Sugar Works operates in multiple segments:

1. Sugar: This segment reported revenue of Rs 13,316.18 lakhs but incurred a loss of Rs 274.49 lakhs before interest and tax.
2. Co-generation: Revenue stood at Rs 2,428.29 lakhs, with a loss of Rs 409.85 lakhs.
3. Industrial Alcohol: This was the best-performing segment with revenue of Rs 21,974.94 lakhs and a profit of Rs 1,749.81 lakhs before interest and tax.
4. Potable Alcohol: Revenue was Rs 933.34 lakhs, with a small loss of Rs 40.60 lakhs.

Key Financial Metrics

Management Commentary

The Board of Directors approved these unaudited financial results at their meeting held on August 5, 2025. The company noted that its main business is seasonal, and the figures for the current period are not indicative of the annual results.

Annual General Meeting

The company also held its 85th Annual General Meeting on August 5, 2025, through video conferencing. Key agenda items included the adoption of financial statements, re-appointment of directors, and approval of remuneration for cost auditors.

Ugar Sugar Works continues to navigate challenges in the sugar industry, with its diversified segments showing mixed performance. While the Industrial Alcohol segment remains a bright spot, the company faces headwinds in its sugar and co-generation businesses.

Note: All figures are in Indian Rupees (INR) and lakhs, unless otherwise stated.