StockWatch
·

Magadh Sugar & Energy Ltd

BSE: 540650

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
311.27
+6.3%-6.8%
Expenditure
327.58
+42.6%-1.8%
Net Profit
-12.22
-125.2%-5593.8%
OPM %
0.23%
-26.84pp-5.50pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
-56.4157.75171.91286.06400.22Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Magadh Sugar swings to ₹12.2 Cr loss in Q1 FY27 as sugar segment margins compress YoY

sugar sector · seasonal business · q1 loss

ResultsQ1 FY2704 Aug 20263 minFMCG
Latest
Board Meeting4 Aug, 1:30 pm

Magadh Sugar swings to ₹12.2 Cr loss in Q1 FY27 as sugar segment margins compress YoY

Magadh Sugar & Energy reported a standalone net loss of ₹12.22 Cr for Q1 FY27 (quarter ended 30 June 2026), reversing a thin ₹0.22 Cr profit in Q1 FY26 and a sharply stronger ₹48.55 Cr profit in Q4 FY26. Revenue from operations came in at ₹310.54 Cr, down 6.76% YoY (₹333.04 Cr) but up 6.84% QoQ (₹290.67 Cr) — the QoQ revenue uptick is not indicative of trend given the company's stated seasonality (crushing runs November-April, sales spread through the year), and Q4 FY26's much higher profit reflects a different quarter-specific cost mix rather than better underlying demand. The loss was driven by the sugar segment (the largest of three, ~89% of gross segment revenue), which swung to a ₹9.99 Cr segment loss from a ₹4.56 Cr profit a year ago. Distillery segment profit also declined to ₹7.17 Cr from ₹11.79 Cr YoY and ₹8.91 Cr QoQ. Co-generation stayed loss-making at ₹2.04 Cr, roughly flat against a ₹2.40 Cr loss a year ago (no crushing activity in this off-season quarter). At the standalone level, total expenses fell just 1.81% YoY (₹327.58 Cr vs ₹333.61 Cr) against a 6.76% revenue decline — employee benefits expense actually rose YoY (₹15.68 Cr vs ₹14.97 Cr) — so the cost base did not scale down with lower revenue, compressing net margin to -3.94% from +0.07% a year ago. This is a clean operating loss: unlike Q4 FY26, there were no exceptional items in either the current or year-ago quarter. A third-party trailing-growth model (Univest) had pencilled in Q1 FY27 revenue of ~₹309 Cr and PAT near breakeven; actual revenue of ₹310.54 Cr came in essentially in line, but the ₹12.22 Cr loss is a clear miss against that near-breakeven expectation — note this is a model-based extrapolation, not formal sell-side consensus, so treat it as directional only. Management has issued no formal guidance or outlook on this or prior calls, and no prior concall commentary is on record, so there is nothing to grade the print against on that front; the company's own press release for this result was not available for this review, so management's framing of the quarter is not captured here. Separately, the same board meeting approved the appointment of Lt. Gen. Rakesh Kapoor (Retd.) as an Independent Director effective 4 August 2026 — a governance item unconnected to the quarter's financial performance. With no exceptional items distorting the print, the loss reflects genuine margin pressure in the sugar segment during the post-crushing, inventory-drawdown period. The next checkpoint is Q2 FY27, where the sugar and distillery segments' ability to arrest the YoY margin slide — without crushing-season tailwinds — will be the key signal.

4 Aug 2026, 01:30 pm

Corporate Events

Board MeetingMAGADSUGAR
2026
29Jul

Board Meeting

The Company has fixed Friday, July 17, 2026 as the Record Da…

BSE Filing ↗
Board MeetingMAGADSUGAR
2026
29Jul

Board Meeting

The 12th Annual General Meeting (AGM) of Magadh Sugar & Ener…

BSE Filing ↗
DividendMAGADSUGAR
2026
17Jul

₹12.5 / share

BSE Filing ↗
DividendMAGADSUGAR
2025
18Jul

₹12.5 / share

BSE Filing ↗
Board MeetingMAGADSUGAR
2024
11Nov

Board Meeting

Considering and approving the unaudited financial results

BSE Filing ↗
Board MeetingMAGADSUGAR
2024
13Feb

Board Meeting

Consider and approve the Unaudited financial results for the…

BSE Filing ↗
Board MeetingMAGADSUGAR
2023
9Nov

Board Meeting

Consider and approve Un-audited Financial Results for the qu…

BSE Filing ↗