Shree Renuka Sugars Limited has submitted to the Exchange, the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2025.
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Shree Renuka Sugars posted weak Q1 FY26 results with standalone revenue falling to ₹19,032 million, down about 34% from ₹28,913 million in the same quarter last year, and down from ₹25,202 million in the preceding March quarter. The company swung to a standalone loss before tax of ₹(2,928) million versus a profit of ₹659 million in Q4 FY25, and a loss after tax of ₹(2,151) million (EPS of ₹(1.01)). On a consolidated basis, revenue fell to ₹20,102 million with a loss after tax of ₹(2,636) million (EPS of ₹(1.24)). The company's standalone net worth turned negative at ₹(6,100) million, and consolidated net worth is even more negative at ₹(19,272) million, with current liabilities exceeding current assets by ₹20,387 million (standalone) and ₹32,019 million (consolidated). Management has nonetheless prepared results on a going concern basis, citing corporate guarantees and a letter of support from ultimate parent Wilmar International Limited. The auditor (S R B C & Co LLP) issued an unqualified limited review report.
The negative net worth, going concern flag, and widening losses highlight serious financial stress for shareholders, although continued parental support from Wilmar International cushions immediate solvency risk. Investors should expect continued pressure on the stock due to weak operational performance and balance sheet weakness, but a sharp turnaround remains unlikely without sugar price recovery.