Shree Renuka Sugars Q4 EBITDA tumbles; company reports net loss

Shree Renuka Sugars reported a consolidated net loss for the quarter ended March 31, 2026, as operating performance weakened significantly amid higher expenses and pressure on margins. The company posted a net loss attributable to equity shareholders of ₹122.20 crore compared to a profit of ₹91.60 crore in the corresponding quarter last year.

Revenue from operations declined 6.12% year-on-year (YoY) to ₹2,546.90 crore from ₹2,713 crore. Total income for the quarter stood at ₹2,610.70 crore against ₹2,776.80 crore in the year-ago period.

Total expenses increased to ₹2,763.90 crore from ₹2,685.90 crore, driven by higher commodity derivative losses, employee costs and other operating expenditure during the quarter.

At the operating level, EBITDA declined sharply to ₹37.10 crore from ₹289.30 crore in the corresponding quarter last year. EBITDA margin contracted to 1.46% from 10.66%, reflecting weak operational performance.

Finance costs stood at ₹181.20 crore compared to ₹191.90 crore a year ago, while depreciation and amortisation expense increased to ₹72.90 crore from ₹70.30 crore.

The company reported a pre-tax loss of ₹153.20 crore during the quarter against a profit before tax of ₹90.90 crore in Q4 FY25. Net loss for the period stood at ₹121.40 crore compared to a net profit of ₹93.10 crore in the corresponding period last year.

Shree Renuka Sugars, a Wilmar Group company, operates in sugar manufacturing, ethanol production and renewable energy businesses with operations across India and Brazil.

The March quarter performance was impacted by lower revenue and elevated operating costs, leading to a sharp decline in profitability and operating margins.