Vishwaraj Sugar Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
VISHWARAJ · price
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Vishwaraj Sugar Industries Limited reported a revenue decline of about 17%, dropping to Rs. 37,681.01 Lakhs in FY2026 from Rs. 45,391.89 Lakhs in FY2025. The company posted a net loss of Rs. 2,817.14 Lakhs, an improvement from the previous year's loss of Rs. 3,702.33 Lakhs. Karnataka government's Rs. 50 per quintal increase in sugarcane price above FRP contributed to the losses. The company reported cash loss of Rs. 9.89 crore. However, operating cash flow remained positive at Rs. 3,718.11 Lakhs. A new 150KLPD ethanol distillery commenced commercial operations from January 2026. Related party transactions include significant cane purchases from promoter family members totaling over Rs. 450 Lakhs in advances.
The stock may face pressure due to ongoing losses and revenue decline, despite improvement in bottom line. The high debt-to-equity ratio of 1.66 and negative PAT signal financial stress, though positive operating cashflow is a reassuring sign. Investors should monitor cane pricing pressures and new distillery ramp-up.