Zuari Industries Reports ₹267.6 Cr Consolidated Revenue in Q1 FY26

Gurugram, August 14, 2025: Zuari Industries Limited (ZIL) reported a consolidated revenue of INR 267.6 crore in Q1 FY26, a 10.5 per cent increase over Q1 FY25. Consolidated PAT was INR 0.5 crore against a loss of INR 33.6 crore in Q1 FY25.

On a standalone basis, the company reported revenue from operations of INR 210.3 crore and operating EBITDA of INR 22.4 crore. Standalone PBT, before exceptional items, was INR 0.9 crore.

During the quarter, the company’s sugar operations were affected by an early mill closure following a region-wide cane shortage. Domestic sugar sales stood at 3.6 lakh quintals, slightly lower than 3.8 lakh quintals in Q1 FY25, mainly due to a reduced sales quota allocation.

The sugar realisation improved by four per cent to INR 4,036 per quintal supported by robust demand and stable prices. Ethanol sales saw a marginal increase to 9,757 KL from 9,672 KL, accompanied by higher average realisations of INR 60.7 per litre compared to INR 58.9 per litre in the previous year.

Power exports, however, were lower owing to the early mill closure. Demonstrating its commitment to farmers, the company prioritised and cleared 100 per cent cane dues in May.

In the real estate segment, the company slowed land sales due to an unfavourable local macroeconomic environment. The company also reduced its cost of borrowing by 73 basis points YoY basis.

The company’s infrastructure subsidiary, Zuari Industries Reports INR 267.6 Cr Consolidated Revenue in Q1 FY26, reported an EBITDA of INR 21.7 crore in this quarter, up 58.4 per cent on a YoY basis. The company is planning to build a robust business development pipeline of development management services in Bangalore, Hyderabad, Kolkata and Dubai, which are identified as its key target markets. Meanwhile, the St. Regis Dubai project continued to progress ahead of schedule with completion targeted for February 2026.

The company’s financial services arm, Zuari Finserv Ltd, reported an EBITDA of INR 2 crore, up 17.6 per cent YoY. The insurance and broking subsidiary, Zuari Insurance Brokers Ltd, reported an EBITDA of INR 3.2 crore, up 33.3 per cent YoY.

The engineering arm, Simon India Ltd, secured new orders worth INR 100 crore during the quarter. Projects worth INR 0.8 crore were completed during the quarter while projects worth INR 148 crore are in progress with efforts directed towards timely execution.

In the bioenergy segment, Zuari Envien Bioenergy Pvt Ltd, a 50:50 joint venture between ZIL and Envien International, reported steady progress on its 180 KLPD bioethanol.

“The first quarter is typically a quieter period for our sugar, power and ethanol divisions due to the seasonality of the sugar business. Despite this, we achieved better realisations and higher ethanol output,” said Athar Shahab, MD, ZIL.

“The St. Regis Residences project in Dubai is progressing ahead of schedule, and Simon India has strengthened its order book while pushing forward with its digital transformation plans. Our upcoming bioethanol plant, through our joint venture, is moving towards completion as planned. The financial services businesses are also expanding their offerings and customer reach.”

He added, “We remain committed to growing our key segments while focusing on land monetisation, operational efficiency and cost optimisation. Looking ahead, we see this year as one of disciplined execution and strategic expansion. We will continue to build leadership in our core sectors, scale promising businesses and invest in sustainability and digitalisation to create long-term value for all stakeholders.