Zuari Industries Limited has reported a sharp turnaround in FY26, posting stronger profitability across both standalone and consolidated operations for the year ended March 31, 2026.

 

On a standalone basis, the company reported total income of Rs. 994.9 crore. EBITDA rose to Rs. 191.5 crore, up 6.8% from FY25. Profit Before Tax (before exceptional items) surged 70% to Rs. 54.1 crore. Most notably, Profit After Tax (PAT) flipped into the black at Rs. 12.1 crore, compared with a loss of Rs. 37.4 crore in the previous year.

 

The consolidated picture was even stronger. Total income stood at Rs. 1,155.1 crore, while EBITDA climbed 12.2% year-on-year to Rs. 181.0 crore. 

 

Profit Before Tax (before exceptional items) turned decisively positive at Rs. 131.5 crore, reversing a loss of Rs. 67.8 crore. Consolidated PAT jumped to Rs. 105.8 crore, compared with a loss of Rs. 94.4 crore in FY25. The company attributed the improvement to better operational efficiency, tighter financial discipline, and reduced borrowing costs.

 

Across its diversified portfolio—spanning sugar, real estate, engineering, bioenergy, and financial services—the group reported steady operational momentum through the year.

 

The Sugar, Power & Ethanol (SPE) division delivered record-breaking output. It achieved its highest-ever Q4 crush of 92.4 lakh quintals versus 83.2 lakh quintals in Q4 FY25, and a record seasonal crush of 163.7 lakh quintals, surpassing the previous high of 149.3 lakh quintals in SS 2022-23. 

 

Total cane crush for FY26 stood at 159.7 lakh quintals versus 157.2 lakh quintals in FY25. Sugar production rose 7% year-on-year to 8.8 lakh quintals, while sugar sales increased 6% to 3.9 lakh quintals. Ethanol production climbed 10.1% to 37,276 KL versus 33,869 KL in FY25.

 

Zuari Infraworld India Limited continued its momentum, with The St. Regis Residences, Dubai reaching about 98% completion and handovers scheduled from June 2026. EBITDA surged to Rs. 57.6 crore from Rs. 14.9 crore in Q4 FY25.

 

Simon India Limited strengthened its execution capabilities, reporting EBITDA of Rs. 6.8 crore versus Rs. 0.9 crore in FY25. The company also expanded its technical ecosystem through strategic collaborations and MoUs with IIT Bombay, ISM Dhanbad, NML Jamshedpur, Ballestra Italy, and NIUIF.

 

Zuari Finserv Limited and Zuari Insurance Brokers Limited posted strong EBITDA growth of 61% YoY and 54% YoY, respectively.

 

Zuari Envien Bioenergy Pvt. Ltd. continued expanding its footprint, with orders secured through October 2026.

 

Managing Director Athar Shahab said: "FY26 reflects steady operational progress across our businesses, supported by stronger execution, improved efficiencies, and continued operational discipline.

 

"Our Sugar, Power & Ethanol division achieved its highest-ever Q4 crush, highest-ever seasonal crush, and highest-ever financial crush during the year .This performance was driven by sustained focus on cane development, improved operational efficiencies, higher capacity utilisation, and stronger execution across the value chain. Ethanol operations also remained stable during the year.

 

"Our Real Estate business continued to make progress, with The St. Regis Residences, Dubai project moving closer to completion. Simon India also strengthened its engineering and technology capabilities through strategic collaborations while continuing its digital transformation journey.

 

"Across our businesses, we remain focused on strengthening core operations, maintaining financial discipline, and pursuing sustainable long-term growth opportunities."