Shree Renuka Sugars Completes Share Acquisition in Subsidiary KBK Chem-Engineering

Shree Renuka Sugars Limited has completed the acquisition of shares in its wholly-owned subsidiary KBK Chem-Engineering Private Limited. The Board of Directors of KBK approved the allotment of 2,49,122 equity shares of Rs. 100 each at an issue price of Rs. 2,302.69 per share, totaling Rs. 573.65 million. The shares were issued on a rights basis to the parent company for cash consideration through conversion of an equivalent loan amount that Shree Renuka Sugars had previously extended to KBK.

Shree Renuka Sugars Reports Widened Net Loss and Revenue Decline in Q2

Shree Renuka Sugars reported a consolidated net loss of 3.69 billion rupees in Q2, significantly higher than the 231 million rupees loss in the same quarter last year. The company's revenue decreased to 24.23 billion rupees from 25.7 billion rupees year-over-year.

Sugar Industry Faces Setback as Government Keeps Ethanol Prices Unchanged for 2025-26

The government maintained ethanol prices from sugar-based feedstocks at Rs 65.61 per litre for Ethanol Supply Year 2025-26, disappointing sugar companies who sought price parity with maize-based ethanol at Rs 66.07 per litre. Shree Renuka Sugars' Executive Chairman Atul Chaturvedi called the decision a major dampener, noting the industry had invested Rs 35,000-40,000 crore in ethanol capacity based on government incentives. While rice-based ethanol prices increased 3% to Rs 60.32 per litre, sugar mills received no relief despite higher Fair and Remunerative Prices for cane. Price realization from ethanol stands at Rs 37 per kg, below domestic sugar prices of Rs 39-41 per kg across states. The pricing structure may push mills to produce more sugar and less ethanol, potentially creating supply surplus and depressing sugar values with the expected large harvest in late October.

Shree Renuka Sugars Reports 34% Revenue Decline and Widening Losses in Q1 FY2026

Shree Renuka Sugars Limited reported significant deterioration in its quarterly financial performance. Total income from operations fell 34.3% to Rs. 19,174 million compared to Rs. 29,177 million in the same quarter last year. Net loss before tax and exceptional items widened to Rs. 2,928 million from Rs. 1,486 million, while net loss after tax increased to Rs. 2,151 million from Rs. 1,352 million. On a consolidated basis, total income declined 34.3% to Rs. 20,201 million, with consolidated net loss after tax rising to Rs. 2,636 million from Rs. 1,662 million. The company's earnings per share worsened to Rs. (1.01) from Rs. (0.64). The company maintains a negative net worth of Rs. (6,165) million and a debt-to-equity ratio of -1.10, with reserves excluding revaluation reserves at Rs. (14,425) million.

Shree Renuka Sugars Reports INR 2,928 Million Loss Before Tax for Quarter Ended June 30, 2025

Shree Renuka Sugars Limited reported a loss before tax of INR 2,928 million for the quarter ended June 30, 2025, compared to a profit of INR 659 million in the previous quarter. Revenue from operations declined to INR 19,032 million from INR 25,202 million in the preceding quarter. The company's current liabilities exceed current assets by INR 20,387 million, and it has a negative net worth of INR 6,100 million. On a consolidated basis, the group reported a loss before tax of INR 3,414 million with current liabilities exceeding current assets by INR 32,019 million and negative net worth of INR 19,272 million. The company operates across sugar milling, refinery, distillery, co-generation, and trading segments. All loans and borrowings are secured by corporate guarantee from ultimate holding company Wilmar International Limited, and the company continues to prepare financial results on a going concern basis with support from its holding company.