Outcome of the Board Meeting.
Price
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Indian Sucrose Limited's Board, at its November 14, 2025 meeting, approved standalone un-audited financial results for Q2 and H1 FY26 (quarter and half-year ended September 30, 2025). Revenue from operations for H1 FY26 stood at approximately Rs 13,655 lakhs, a sharp decline of around 75% from Rs 54,569 lakhs in H1 FY25. The company swung to a loss before tax of Rs 48 lakhs in H1 FY26 and reported a net loss of Rs 49 lakhs, compared to a profit of Rs 3,837 lakhs a year ago. On the balance sheet, cash and cash equivalents collapsed from Rs 13,814 lakhs (March 2025) to just Rs 375 lakhs, while loans given by the company surged from Rs 681 lakhs to Rs 15,798 lakhs. The cash flow statement shows a Rs 5,117 lakh recovery related to a loan to a related party. Limited review by auditors (SSVS and Co.) issued an unmodified review report.
The steep revenue fall and swing into losses reflect a weak operational performance, likely linked to the seasonal nature of the sugar business. The dramatic drop in cash reserves and surge in loans extended by the company warrant close attention from shareholders, as these could signal working-capital stress or significant related-party fund movements.