Zuari Industries Reports Q3 Loss of ₹26.42 Crore | Financial Results 2026

Novel Delhi – Zuari Industries Limited reported a net consolidated loss of ₹26.42 crore for the quarter ending December 31, 2025, according to a regulatory filing released Friday. The loss, while representing a slight increase from the ₹25.23 crore loss reported in the same quarter of the previous fiscal year, occurred alongside a 10% rise in total income.

The company’s total income for the October-December quarter reached ₹301.48 crore, up from ₹274 crore in the year-ago period. However, expenses also increased, rising to ₹334.24 crore from ₹312.75 crore a year earlier, contributing to the net loss.

On a standalone basis, Zuari Industries reported total revenue of ₹254.7 crore for the quarter, and ₹727.6 crore for the nine-month period ending December 31, 2025. Total EBITDA stood at ₹36.3 crore for the quarter and ₹125.7 crore for the nine-month period, the company stated.

Athar Shahab, Managing Director of Zuari Industries, attributed the results to “steady operational progress across our Sugar, Power and Ethanol division, supported by strong on-ground execution during the crushing season.” The Sugar, Power & Ethanol division commenced crushing operations on October 26, 2025 – the earliest start to date – and achieved a record Q3 crush of 67.28 Lakh Quintal. Sugar and ethanol production increased by 13.7% and 4.8% year-over-year, respectively, with average sugar realization improving by 5.9% year-over-year.

Consolidated revenue for the quarter totaled ₹301.5 crore, and ₹855.6 crore for the nine-month period. Consolidated Profit After Tax (PAT) was a loss of ₹26.4 crore in Q3 FY26, compared with a loss of ₹25.2 crore in the corresponding quarter last year. However, for the nine-month period, PAT improved to a profit of ₹137.4 crore, against a loss of ₹73.6 crore in the same period last year.

Zuari Infraworld India Limited, a subsidiary, reported a total EBITDA of ₹32 crore in Q3FY26. The St. Regis Residences, Dubai project is nearing completion at 93.4%, with handovers scheduled for April 2026. The company indicated it is continuing to seek opportunities for development management mandates in Bangalore, Hyderabad, and Kolkata, focusing on an asset-light strategy.