Audited Financial Results for the quarter and year ended 31.03.2026 along with Auditors Report and Declaration of unmodified Opinion are enclosed herewith.
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Kesar Enterprises reported a net loss of Rs 4,840.91 lakhs for FY26, significantly improved from Rs 7,262.40 lakhs loss in FY25 (33% reduction in losses). Revenue from operations declined 8.8% to Rs 30,449.72 lakhs from Rs 33,396.97 lakhs. The company continues to face severe financial stress with complete erosion of net worth, high sugarcane costs, and unviable sugar prices affecting profitability. Sugar segment reported loss of Rs 2,970.36 lakhs while Cogen segment contributed profit of Rs 935.42 lakhs. Auditors issued an unmodified opinion but explicitly flagged a material uncertainty regarding going concern due to accumulated losses and net worth erosion. The company is seeking investors and filed a One Time Settlement proposal with Sugar Development Fund.
The stock may face continued pressure due to ongoing losses and going concern uncertainty. However, the significant reduction in losses and positive contribution from the Cogen segment are encouraging signs. Shareholders should closely monitor the company's ability to find investors and monetize assets.