Zuari Industries Announces Net Consolidated Loss of ₹26.4 Cr Over Higher Expenses

Gurugram, February 16, 2026: Zuari Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2025. On a standalone basis, the Company reported total revenue of INR 254.7 crore for Q3 FY26 and INR 727.6 crore for 9M FY26. Total EBITDA stood at INR 36.3 crore for the quarter and INR 125.7 crore for the nine-month period. Profit Before Tax (PBT), before exceptional items, was INR 4.5 crore for Q3 FY26 and INR 24.0 crore for 9M FY26.

On a consolidated basis, total revenue stood at INR 301.5 crore for Q3 FY26 and INR 855.6 crore for 9M FY26. Consolidated Profit After Tax (PAT) stood at INR (26.4) crore compared to INR (25.2) crore in the corresponding quarter last year, while for 9M FY26, PAT stood at INR 137.4 crore compared to INR (73.6) crore in the same period last year. The Company continued to benefit from a reduction in its average cost of borrowing.

The company delivered steady operational performance across its businesses during the quarter. The Sugar, Power & Ethanol (SPE) division commenced crushing operations on 26 October 2025, the earliest- ever start, and achieved its highest ever Q3 crush of 67.28 Lakh Quintal. The sugar and ethanol production jumped by 13.7 per cent and 4.8 per cent YoY respectively. The average sugar realization in Q3 FY26 improved by 5.9 per cent YoY.

Zuari Infraworld India Limited reported a total EBITDA of INR 32 crore in Q3FY26. The St. Regis Residences, Dubai project reached ~93.4 per cent completion, with handovers expected by April 2026. The company continues to scout for DM mandates across Bangalore, Hyderabad and Kolkata focusing on its asset-light mode of strategy.

Simon India Limited, the EPCM arm, commissioned the 5th Evaporator project for Paradeep Phosphates Limited and is currently executing orders worth ~100 crore. The company continues to strive towards developing deep domain expertise in its identified sectors of growth through partnerships with global technology licensors and research institutions. In parallel, the company is investing in the development of in-house AI-driven solutions, positioning itself at the forefront of digital transformation within the EPC sector.

Zuari Finserv Limited and Zuari Insurance Brokers Limited continued steady progress with 20.0 per cent and 7.6 per cent growth in income YoY respectively.

In the Bioenergy segment, the Company commissioned 180 KLPD ethanol distillery under under Zuari Envien Bioenergy Pvt. Ltd., a 50:50 joint venture with Envien International.

Commenting on the results, Athar Shahab, Managing Director, Zuari Industries Ltd, said: “The third quarter reflects steady operational progress across our Sugar, Power & Ethanol division, supported by strong on-ground execution during the crushing season. We achieved our earliest-ever start of crushing and recorded the highest-ever Q3 crushing performance, reflecting improved preparedness and operational efficiency. Ethanol operations remained stable during the period, and we continued to strengthen financial discipline through lower borrowing rates and reduced finance costs over the year.

“Our Real Estate business continued to advance, with The St. Regis Residences, Dubai project nearing completion. Our EPCM arm, Simon India Limited, enhanced its project execution capabilities, built a robust order pipeline, and progressed on its digital transformation journey.

“In Financial Services, we remained focused on customer-centric initiatives through ongoing platform enhancements. We also successfully commissioned our 180 KLPD bioethanol plant under our joint venture with Envien, marking an important milestone in our bioenergy journey.”