Shree Renuka Sugars Reports Significant Net Loss in Q1 2026
Shree Renuka Sugars reports consolidated net loss of Rs 122.20 crore in the March 2026 quarter
Business Standard
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Shree Renuka Sugars reported a consolidated net loss of ₹122.20 crore in the quarter ending March 2026, a stark contrast to a profit of ₹91.60 crore in the same quarter last year. Sales also fell by 6.12% to ₹2546.90 crore, reflecting ongoing challenges in the sugar market.
- 01Consolidated net loss of ₹122.20 crore in Q1 2026 compared to a profit of ₹91.60 crore in Q1 2025.
- 02Sales declined by 6.12% to ₹2546.90 crore in Q1 2026.
- 03For the full fiscal year, total net loss reached ₹792.10 crore, up from ₹299.80 crore the previous year.
- 04Annual sales decreased by 13.49% to ₹9160.50 crore in FY 2026.
- 05Operating profit margin (OPM) dropped significantly to 1.52% from 10.76% in the previous year.
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Shree Renuka Sugars, a prominent player in the sugar industry, reported a consolidated net loss of ₹122.20 crore for the quarter ending March 2026, a significant decline from a net profit of ₹91.60 crore in the same quarter of the previous year. The company's sales also saw a downturn, decreasing by 6.12% to ₹2546.90 crore compared to ₹2713.00 crore in the quarter ending March 2025. For the full fiscal year, Shree Renuka Sugars recorded a total net loss of ₹792.10 crore, a steep increase from the ₹299.80 crore loss reported in the prior year. Annual sales fell by 13.49% to ₹9160.50 crore, down from ₹10589.10 crore the previous year. The operating profit margin (OPM) also suffered, dropping to 1.52% from 10.76% in the previous year, indicating ongoing challenges in the market.
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The significant losses and declining sales may affect the company's operations and could lead to cost-cutting measures, impacting employees and suppliers.
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