financial Results for the quarter and year ended 31st March 2026
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UR Sugar Industries Ltd (formerly HKG Limited) reported audited financial results for FY2026. The company experienced a significant revenue decline, with revenue from operations dropping to Rs 36.67 lakhs for the year ended March 2026 compared to Rs 80.94 lakhs in the previous year, representing a revenue decline of approximately 55%. Despite lower revenue, the company managed to grow its net profit after tax to Rs 44.35 lakhs from Rs 41.88 lakhs in the previous year. For the quarter ended March 2026, revenue was Rs 24.00 lakhs with net profit of Rs 11.04 lakhs. The statutory auditor, Vijay Panchappa & Co., issued an unmodified (clean) opinion on the financial statements. The company also disclosed related party transactions for the half year ended March 2026 and appointed an internal auditor during the board meeting.
The significant revenue decline raises concerns about the company's core business performance, though positive PAT growth and a clean audit opinion provide some stability. The company appears to be operating at a very small scale with limited revenues.