Magadh Sugar & Energy Limited has informed the Exchange regarding Board meeting held on August 05, 2025.
MAGADSUGAR · price
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Magadh Sugar & Energy's board met on August 5, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell to ₹33,304 lakhs from ₹35,939 lakhs in the same quarter last year, a decline of about 7%. Profit after tax collapsed sharply to just ₹22.24 lakhs (₹0.16 per share) compared to ₹1,142.52 lakhs (₹8.11 per share) in Q1 FY25, an over 98% drop. The sugar segment earned ₹455.52 lakhs in profit, distillery earned ₹1,179 lakhs, while co-generation swung to a ₹240 lakh loss. The board also accepted the resignation of CFO Mr. Manoj Prasad (who will continue as VP Finance at the Hasanpur unit) and appointed Mr. Aditya Baheti, a Chartered Accountant with 15+ years of experience, as the new CFO effective August 6, 2025.
The dramatic year-on-year fall in profit signals a weak quarter, though sugar is a seasonal business where Q1 is typically the off-season with minimal crushing activity. The CFO transition appears orderly with an experienced replacement, and there are no signs of any negative governance issues.