ZUARI INDUSTRIES LIMITED (ZUARIIND) — Financial Results | 1 June 2026

{ "summary": "ZUARI INDUSTRIES LIMITED reported consolidated PAT of INR105 crores for FY26, reversing a INR94.4 crore loss in FY25, driven by record sugar crushing of 159.7 lakh quintal at 101.7% capacity utilization and 10.1% ethanol production growth. Consolidated total income reached INR1,155 crores with EBITDA of INR181 crores, up 12.2% YoY. The company expects INR850-900 crores from Dubai project inflows and INR258 crores from an associate to reduce external borrowings to INR700-800 crores by year-end. Subsidiary Zuari Infraworld income grew 78% YoY, while Simon India and Zuari Finserv contributed INR6.8 crores and improved EBITDA respectively. Strategic investments in Chambal Fertilisers, Paradeep Phosphates, and Texmaco Rail showed operational excellence despite market challenges. The Dubai project faces no currency risk, and ethanol blending policies support long-term demand. Growth will focus on incremental scale, technology adoption, and portfolio consolidation, with deleveraging as a prerequisite for future expansion.", "extractedFields": { "keyEvent": "ZUARI INDUSTRIES LIMITED reported consolidated PAT of INR105 crores for FY26, reversing a INR94.4 crore loss in FY25.", "whatChanged": "consolidated PAT of INR105 crores (vs loss of INR94.4 crores in FY25); consolidated EBITDA of INR181 crores (up 12.2% YoY); external borrowings projected to reduce to INR700-800 crores by year-end; subsidiary Zuari Infraworld income growth of 78% YoY; Simon India EBITDA of INR6.8 crores (up from INR0.9 crores); Texmaco Rail investment of INR270-275 crores with estimated profit share of INR600 crores; land bank value in Goa at INR163 crores; sugar recovery issue due to agro-climatic factors; ethanol overcapacity of ~2,000 crores liters; Dubai project cash inflow of INR850-900 crores expected in Q2 and Q3 2026; associate company inflow of INR258 crores; current external borrowings of INR1,900 crores; target net debt of INR700 crores by year-end; capacity utilization of 101.7%; ethanol production growth of 10.1%; sugar realization of INR4,053 per quintal; ethanol realization of INR62.6 per liter; power sales of 857 lakh units; consolidated total income of INR1,155 crores; finance cost reduction of INR19.4 crores; highest ever capacity utilization achieved; ethanol production of 372 lakh liters over 316 days; capacity expansion from 100 KLPD to 125 KLPD at Aira factory; revenue recognition over 3-5 years for real estate; EBITDA margin of 70-75% for service revenue; ethanol blending outlook positive with government push for E27, E30, E85, E100 blends; technology benefits in Zuari Finserv, Simon India, and sugar division via Saksham app and digital tools; strategic investments in Chambal Fertilisers, Paradeep Phosphates, and Texmaco Rail showing operational excellence; no currency risk in Dubai project; Dubai project cash inflow of INR850-900 crores; associate company inflow of INR258 crores; Texmaco Rail estimated profit share of INR600 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors and varietal replacement program; strategic investments performance reported for Chambal Fertilisers, Paradeep Phosphates, and Texmaco Rail; currency risk assessment as no currency risk with rupee depreciation advantageous; highest ever capacity utilization achieved; ethanol production of 372 lakh liters over 316 days; capacity expansion from 100 KLPD to 125 KLPD at Aira factory; revenue recognition over 3-5 years for real estate; EBITDA margin of 70-75% for service revenue; ethanol blending outlook positive with government push for E27, E30, E85, E100 blends; technology benefits listed for Zuari Finserv, Simon India, and sugar division; strategic investments performance noted for Chambal Fertilisers, Paradeep Phosphates, and Texmaco Rail; no currency risk; Dubai project cash inflow of INR850-900 crores; associate inflow of INR258 crores; Texmaco Rail investment of INR270-275 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors; strategic investments performance reported; no currency risk; Dubai project cash inflow of INR850-900 crores; associate inflow of INR258 crores; Texmaco Rail estimated profit share of INR600 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors; strategic investments performance reported; no currency risk; Dubai project cash inflow of INR850-900 crores; associate inflow of INR258 crores; Texmaco Rail estimated profit share of INR600 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors; strategic investments performance reported; no currency risk; Dubai project cash inflow of INR850-900 crores; associate inflow of INR258 crores; Texmaco Rail estimated profit share of INR600 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors; strategic investments performance reported; no currency risk; Dubai project cash inflow of INR850-900 crores; associate inflow of INR258 crores; Texmaco Rail estimated profit share of INR600 crores; land bank value in Goa of INR163 crores; sugar recovery issue due to agro-climatic factors; strategic investments performance reported; no currency risk; Dubai project cash inflow of