Vishwaraj Sugar Industries Ltd

Key approvals

• Approved standalone unaudited financial results for the quarter ended 30 June 2026, with Limited Review Report.
• Approved notice for the 31st AGM and fixed 28 September 2026 as the AGM date.
• Approved closure of Register of Members and Share Transfer Books from 18 September 2026 to 28 September 2026.

Financials

• Revenue from operations: 10,706.61 for quarter ended 30.06.2026 (Unaudited).
• Total income: 11,022.41 for quarter ended 30.06.2026.
• Profit before tax: (2,583.57) for quarter ended 30.06.2026.
• Net profit for the period: (2,583.57) for the quarter.
• EPS (basic & diluted): (1.19) for quarter ended 30.06.2026.
• Current tax not provided due to book loss.
• Total segment revenue from operations (net): 10,835.41 for quarter ended 30.06.2026.
• Cash generated from operations: 2,014.22.
• Total assets: 73,227.57.

Board actions & AGM

• Board approved unaudited results and Limited Review Report dated Aug 13, 2026.
• AGM fixed Sept 28, 2026; registers close Sept 18–28, 2026.

Segment overview

• Sugar: 6,106.57; Distillery: 4,289.60; Co-generation: 222.63; Vinegar: 216.12; Others: 0.48.
• Total segment revenue from operations (net): 10,835.41.
• Segment PBT: (2,583.57) for quarter ended 30.06.2026.
• Total segment assets: 73,227.56 as at 30.06.2026.

Balance sheet & cash flows

• Equity share capital: 4,356.55; Other equity: 18,355.33.
• Borrowings: Long-term 17,029.50; Short-term 24,935.37.
• Cash and cash equivalents: 683.99; Ending cash balance: 694.09.
• Net cash from operating activities: 2,014.22; investing: -280.85; financing: 439.13.

Dematerialisation status

• Dematerialisation requests for the period were confirmed and listed on stock exchanges.
• Certificates mutilated and cancelled after verification; depository name substituted as registered owner within 15 days.

Dematerialisation regulatory certificate

• Certificate under Regulation 74(5) confirms dematerialisation up to 30 June 2026.
• Securities dematerialised have been listed on the exchange where previously listed.
• Dematerialisation certificates mutilated and cancelled; depository names substituted in register within 15 days.

Business model

• Sugar, co-generation, distillery, IML, and vinegar are the operating segments.
• Revenue is driven mainly by sugar and ethanol/distillery operations.

Financial Performance Q3 & 9M FY26

• Q3 revenue from operations at Rs 7,768.35 lakh, up 41% QoQ, down 17% YoY
• 9M revenue from operations at Rs 26,578.21 lakh, down 7% YoY
• Q3 total income Rs 7,946.56 lakh vs Rs 9,381.71 lakh YoY
• Q3 net loss of Rs 671.33 lakh vs net profit Rs 62.76 lakh YoY
• 9M net loss Rs 3,776.84 lakh vs Rs 3,867.98 lakh loss YoY
• Q3 EBITDA impacted by Rs 407.55 lakh finance costs and Rs 385.54 lakh depreciation
• Basic and diluted EPS at -Rs 0.31 for Q3 and -Rs 1.73 for 9M
• Operating margin negative at -0.03% for Q3 and -0.08% for 9M
• Net profit margin negative at -0.09% for Q3 and -0.14% for 9M

Segment Performance

• Sugar segment revenue Rs 5,440.43 lakh in Q3, Rs 16,870.60 lakh in 9M
• Sugar segment loss Rs 9,261.97 lakh in Q3, Rs 9,728.16 lakh in 9M
• Co-generation segment revenue Rs 911.92 lakh in Q3, Rs 1,325.60 lakh in 9M
• Co-generation profit Rs 991.80 lakh in Q3, Rs 467.60 lakh in 9M
• Distillery segment revenue Rs 1,237.06 lakh in Q3, Rs 7,615.26 lakh in 9M
• Distillery profit Rs 8,198.09 lakh in Q3, Rs 6,517.53 lakh in 9M
• Vinegar unit revenue Rs 238.92 lakh in Q3, Rs 841.95 lakh in 9M
• Vinegar unit profit Rs 264.70 lakh in Q3, Rs 771.81 lakh in 9M

Balance Sheet Highlights

• Total assets at Rs 80,706.24 lakh as of Dec 31, 2025
• Non-current assets Rs 50,989.15 lakh, including Rs 26,691.97 lakh PPE
• Current assets Rs 29,717.09 lakh, inventories Rs 20,673.69 lakh
• Total equity Rs 24,270.99 lakh, down from Rs 28,047.83 lakh in Mar 2025
• Total borrowings Rs 35,381.12 lakh (non-current Rs 18,127.33 lakh, current Rs 17,253.79 lakh)
• Current liabilities Rs 33,583.59 lakh, trade payables Rs 14,771.00 lakh

Cash Flow Summary

• Net cash from operating activities Rs 9,037.68 lakh for 9M FY26
• Net cash used in investing activities Rs 3,944.84 lakh for 9M FY26
• Net cash used in financing activities Rs 5,207.01 lakh for 9M FY26
• Cash and cash equivalents at Rs 855.16 lakh as of Dec 31, 2025

Key Financial Ratios

• Debt equity ratio at 1.46 times as of Dec 31, 2025
• Current ratio at 0.88 times as of Dec 31, 2025
• Interest service coverage ratio 0.30 times for Q3 FY26
• Debt service coverage ratio 0.14 times for Q3 FY26
• Debtors turnover 3.26 times for Q3 FY26
• Inventory turnover 0.02 times for Q3 FY26

Other Notes

• No current tax provision made for Q3 due to losses
• Sugar segment is seasonal; quarterly results may not reflect annual performance
• Financial results prepared as per Indian Accounting Standards (Ind AS)
• Statutory auditors issued limited review report with no material misstatement