Results for quarter ended 31-06-2025
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Awaiting price reaction for this filing.
Piccadily Sugar & Allied Industries reported no revenue from operations (Gross Sales: NIL) in Q1 FY26, compared to Rs. 27.78 lakhs in Q1 FY25 — a complete wipeout of operating revenue for the quarter. The company only earned Rs. 88.62 lakhs as 'Other Income', which kept the quarter from slipping into a deeper loss. Net result was a loss of Rs. 9.75 lakhs versus a loss of Rs. 59.66 lakhs in the same quarter last year, with EPS of Rs. 0.06. The company's Other Equity stands at a negative Rs. 1,197.79 lakhs, indicating accumulated losses have eroded shareholder funds. The auditor (Jain & Associates) issued an unqualified limited review report. Management notes the company is in the process of setting up an ENA/Ethanol plant, which explains the lack of sugar milling activity in this off-season quarter.
Zero operating revenue and deeply negative net worth are red flags for shareholders, though the smaller quarterly loss and the upcoming ethanol plant offer some hope. Short-term stock sentiment is likely to remain weak until commercial ethanol production begins.