Shree Renuka Sugars Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
RENUKA · price
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Shree Renuka Sugars reported a net loss of Rs 7,802 million for FY26 (vs loss of Rs 3,036 million in FY25). Revenue declined 17% to Rs 85,220 million from Rs 102,794 million. The company has negative net worth of Rs 12,455 million and current liabilities exceed current assets by Rs 21,145 million. The auditors issued an unmodified opinion. An impairment loss of Rs 2,948 million was recognized for the integrated milling division. Despite severe financial stress, the company maintains going concern basis supported by corporate guarantees from Wilmar International Limited. Operating cash flow turned negative at Rs 1,720 million. EBITDA margin compressed significantly from 6.29% to 1.47%.
The company is in financial distress with negative net worth and significant losses. However, parent support provides some cushion. The significant revenue decline and negative cash flows are concerning for shareholders.