Shree Renuka Sugars' Q1 FY 2026-27 Quarterly Results

Result Summary

• Shree Renuka Sugars Ltd reported a 18.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 5.5%.
• Its expenses for the quarter were down by 11.5% QoQ and up 3.6% YoY.
• The net profit increased 107.2% QoQ and decreased 4.6% YoY.
• The earnings per share (EPS) of Shree Renuka Sugars Ltd declined at 1.18 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shree Renuka Sugars Ltd is a leading agribusiness and bioenergy company, primarily engaged in the production and marketing of sugar, ethanol, and renewable energy. As part of the sugar industry, the company operates both domestically and internationally in markets that are influenced by agricultural cycles, government policies, and global sugar prices. In recent times, the company has focused on expanding its ethanol production capabilities, which aligns with national policies promoting ethanol blending with petrol. The company’s operations are subject to seasonal variations and the cyclic nature of the sugarcane crop. However, specific recent developments or changes in their business strategy are not available from the provided data.

Revenue

In the first quarter of FY27, Shree Renuka Sugars Ltd reported a total income of ₹2131.30 crores. This figure represents a quarter-over-quarter decrease of 18.4% from the ₹2610.70 crores recorded in Q4FY26. When compared to the first quarter of the previous fiscal year (Q1FY26), which had a total income of ₹2020.10 crores, there was a year-over-year increase of 5.5%. These fluctuations in revenue could be attributed to various factors including seasonal demand variations, changes in sugar prices, or shifts in market dynamics.

Profitability

Shree Renuka Sugars Ltd reported a loss before tax of ₹315.90 crores in Q1FY27. This marks a significant increase in losses from the previous quarter (Q4FY26), where the company reported a loss of ₹153.20 crores. However, when compared to the same quarter in the previous year (Q1FY26), where the loss was ₹341.40 crores, the loss has decreased by 7.5%. The tax expense for Q1FY27 was a negative ₹64.40 crores, compared to negative ₹31.80 crores in Q4FY26 and negative ₹77.80 crores in Q1FY26. Consequently, the profit after tax was a loss of ₹251.50 crores in Q1FY27, an increase from the loss of ₹121.40 crores in Q4FY26 but a reduction from the loss of ₹263.60 crores in Q1FY26, showing a year-over-year improvement of 4.6%.

Operating Metrics

The earnings per share (EPS) for Shree Renuka Sugars Ltd was reported at a negative ₹1.18 in the first quarter of FY27. This represents a deterioration from the previous quarter's EPS of negative ₹0.57. Compared to the negative ₹1.24 EPS reported in Q1FY26, there was a slight year-over-year improvement of 4.8%. The company's total expenses for Q1FY27 were ₹2447.20 crores, showing a reduction of 11.5% from the preceding quarter (Q4FY26) where expenses were ₹2763.90 crores. Year-over-year, there was an increase of 3.6% in total expenses compared to ₹2361.50 crores in Q1FY26. These figures highlight the company's ongoing efforts to manage costs despite the challenges in achieving profitability.