Sakthi Sugars Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Sakthi Sugars reported Q1 FY26 (quarter ended June 30, 2025) standalone revenue from operations of Rs. 30,242.41 lakhs, down about 23% from Rs. 39,358.92 lakhs in the same quarter last year. The company swung to a loss of Rs. 57.75 lakhs for the quarter compared to a profit of Rs. 52.33 lakhs in Q1 FY25. Total income stood at Rs. 30,597.31 lakhs versus Rs. 39,723.23 lakhs YoY. An exceptional item was booked representing remission of interest liability on secured borrowings, net of related expenditure. The statutory auditors, P.N. Raghavendra Rao & Co., issued a qualified report, flagging that no expected credit loss provision has been made on interest receivable of Rs. 25,219.69 lakhs (Rs. 252 crore) from an erstwhile associate company — a qualification that has been repeated by current and predecessor auditors since FY2020. The Board also appointed a new Independent Director, a Secretarial Auditor, and Cost Auditors, and scheduled the 63rd AGM for September 25, 2025 via video conferencing.
The qualified auditor opinion on a Rs. 252 crore receivable that has remained unresolved since FY2020 is a significant concern — if provisions are eventually required, it could materially erode shareholder equity. Combined with the sharp revenue decline and return to quarterly losses, retail investors should weigh ongoing operational stress and asset quality risks before taking fresh exposure.