Investor Presentation on the Audited Financial Results for the quarter and financial year ended 31st March 2026
AVADHSUGAR · price
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Avadh Sugar reported flat revenue of Rs 2,694 Cr for FY26 (up 2% YoY) but EBITDA declined 19% to Rs 226 Cr due to higher sugarcane costs. Sugarcane prices in UP rose by Rs 30 per quintal to Rs 400 per quintal without equivalent sugar price increase, compressing margins. PAT fell 35% to Rs 57 Cr. Sugar sales volume dropped 5% due to lower production in sugar season 2025-26, though sugar realization improved 4% to Rs 4,011 per quintal. Ethanol sales grew 10% to 849 lac liters, partially offsetting sugar volume decline. The company completed capacity expansion at Hargaon (10,000 to 13,000 TCD) and maintains A+ credit rating. Board recommended 100% dividend (Rs 10 per share).
FY26 profit fell 35% as higher cane prices eroded margins despite improved sugar realizations. Management flagged ongoing margin pressure from cane costs and thin opening stocks for next season. However, ethanol growth and dividend payment provide some shareholder reassurance.