Unaudited Financial Results.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indian Sucrose posted Q3 FY26 standalone revenue of about Rs 8,424 lakh, up sharply from Rs 5,649 lakh in Q3 FY25, but nine-month revenue slipped to Rs 21,363 lakh from Rs 24,404 lakh (-12.5% YoY). Profit after tax for 9M FY26 plunged to about Rs 501 lakh from Rs 3,837 lakh in 9M FY25 (-87%), with Q3 PAT only marginally higher at Rs 286 lakh vs Rs 237 lakh. Profitability was hit by much weaker margins — PBT margin compressed to roughly 3% in 9M FY26 from around 22% a year earlier. The auditor, SSVS and Co, gave a clean limited review but flagged two Emphasis of Matter items: (1) the One Time Settlement Scheme with the Punjab Excise & Taxation department under which Rs 1,716.54 lakh has been deposited as protest money pending settlement of tax dues from FY1997-98 to FY2011-12, and (2) the four New Labour Codes notified by the Government but for which rules are yet to be issued. Sugar and cogeneration are seasonal, so single-quarter numbers may not be representative of full-year performance.
Sharp drop in nine-month earnings and margin compression raise red flags for shareholders despite the seasonally strong Q3. The Rs 17.16 crore tax deposit under the OTS scheme remains on the balance sheet and could turn into a hit if the settlement order goes against the company, while the pending Labour Codes rules could trigger additional employee costs once finalised.