Q1 FY27 results: revenue up, continuing ops loss; Meerganj unit sold for 305 Cr
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Board approved Q1 FY27 (June 2026) results. Standalone revenue rose to 940.5 Cr from 789.8 Cr year-on-year, but continuing operations posted a loss of 12.14 Cr against a 11.46 Cr loss year-on-year. Total profit including discontinued operations was 38.4 Cr standalone, boosted by a 63.89 Cr gain on sale of the Meerganj sugar unit (sold on slump sale basis for 305 Cr, effective June 18, 2026). No interim dividend declared. Grant Thornton Bharat LLP re-appointed as Internal Auditor for FY 2026-27.
Revenue grew year-on-year but core operations remained in the red. One-time 305 Cr asset sale lifted bottom line. No interim dividend for shareholders.