Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

13 Aug 2025 CW Team

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.

On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.

On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.

Segment Highlights

Sugar, Power & Ethanol: Operations were impacted by an early mill closure due to a regional cane shortage. Domestic sugar sales stood at 3.6 lakh quintals versus 3.8 lakh quintals in Q1 FY25, though sugar realisation improved by 4 per cent to Rs 4,036 per quintal. Ethanol sales increased marginally to 9,757 KL, with higher average realisations of Rs 60.7 per litre (Rs 58.9 per litre in Q1 FY25). Power exports were lower due to early closure. The company cleared 100 per cent cane dues in May 2025.
Real Estate (Zuari Infraworld India – ZIIL): Reported EBITDA of Rs 210.7 million, up 58.4 per cent Y-o-Y. Focus remains on building a development management pipeline in Bengaluru, Hyderabad, Kolkata, and Dubai. The St. Regis Dubai project is progressing ahead of schedule, with completion targeted for February 2026.
Financial Services: Zuari Finserv (ZFL) posted an EBITDA of Rs 20 million, up 17.6 per cent YoY. Zuari Insurance Brokers (ZIBL) recorded EBITDA of Rs 30.2 million, up 33.3 per cent Y-o-Y.
Engineering (Simon India Ltd – SIL): Secured new orders worth Rs 1 billion. Projects worth Rs 80 million were completed, and projects worth Rs 1.48 billion are in progress.
Bioenergy (Zuari Envien Bioenergy – ZEBPL): The 180 KLPD bioethanol project, a 50:50 JV with Envien International, is on track for completion in Q2 FY26.

The company also reduced its cost of borrowing by 73 basis points year-on-year.

Athar Shahab, Managing Director, Zuari Industries Ltd, said:

"The first quarter is typically a quieter period for our Sugar, Power & Ethanol division due to seasonality. Despite this, we achieved better realisations and higher ethanol output. The St. Regis Residences project in Dubai is ahead of schedule, Simon India has strengthened its order book, and our bioethanol plant remains on track. We are committed to disciplined execution, strategic expansion, and investments in sustainability and digitalisation to create long-term value for stakeholders."

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to a regional cane shortage. Domestic sugar sales stood at 3.6 lakh quintals versus 3.8 lakh quintals in Q1 FY25, though sugar realisation improved by 4 per cent to Rs 4,036 per quintal. Ethanol sales increased marginally to 9,757 KL, with higher average realisations of Rs 60.7 per litre (Rs 58.9 per litre in Q1 FY25). Power exports were lower due to early closure. The company cleared 100 per cent cane dues in May 2025.Real Estate (Zuari Infraworld India – ZIIL): Reported EBITDA of Rs 210.7 million, up 58.4 per cent Y-o-Y. Focus remains on building a development management pipeline in Bengaluru, Hyderabad, Kolkata, and Dubai. The St. Regis Dubai project is progressing ahead of schedule, with completion targeted for February 2026.Financial Services: Zuari Finserv (ZFL) posted an EBITDA of Rs 20 million, up 17.6 per cent YoY. Zuari Insurance Brokers (ZIBL) recorded EBITDA of Rs 30.2 million, up 33.3 per cent Y-o-Y.Engineering (Simon India Ltd – SIL): Secured new orders worth Rs 1 billion. Projects worth Rs 80 million were completed, and projects worth Rs 1.48 billion are in progress.Bioenergy (Zuari Envien Bioenergy – ZEBPL): The 180 KLPD bioethanol project, a 50:50 JV with Envien International, is on track for completion in Q2 FY26.The company also reduced its cost of borrowing by 73 basis points year-on-year.Athar Shahab, Managing Director, Zuari Industries Ltd, said:The first quarter is typically a quieter period for our Sugar, Power & Ethanol division due to seasonality. Despite this, we achieved better realisations and higher ethanol output. The St. Regis Residences project in Dubai is ahead of schedule, Simon India has strengthened its order book, and our bioethanol plant remains on track. We are committed to disciplined execution, strategic expansion, and investments in sustainability and digitalisation to create long-term value for stakeholders.

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