Magadh Sugar & Energy Limited (MSEL), a member of the K.K. Birla Group of Sugar Companies, has announced its financial and operational performance for the quarter and fiscal year ended March 31, 2026. Following a Board of Directors meeting on May 11, 2026, the company approved its unaudited earnings alongside a rewarding payout for its shareholders.

The company’s latest financial statements reflect an operational contraction, primarily triggered by macro-economic headwinds across the broader sugar industry.

• Q4FY26 Performance: Quarterly total income reached Rs. 293 crore, down from Rs. 356 crore in Q4FY25. EBITDA for the quarter stood at Rs. 81 crore against Rs. 116 crore in the prior year’s corresponding quarter, while Profit After Tax (PAT) came in at Rs. 49 crore compared to Rs. 72 crore.
• Full-Year FY26 Performance: For the twelve months, total income was Rs. 1,249 crore, down from Rs. 1,325 crore in FY25. Annual EBITDA stood at Rs. 151 crore against Rs. 214 crore, and net profit (PAT) closed at Rs. 64 crore, down from Rs. 109 crore in the previous fiscal.

Despite compressed margins, the Board demonstrated strong structural confidence by recommending a substantial dividend of 125% of the face value, translating to Rs. 12.50 per equity share.

Commenting on the operating environment, Chairperson Mr. C.S. Nopany noted that unseasonal rains severely damaged sugarcane yields, resulting in a raw material shortage and the under-utilization of capacities. Concurrently, bearish global sugar prices failed to offset rising domestic sugarcane costs, pressuring industry margins.

However, MSEL’s diversified operations across sugar, ethanol, and cogeneration cushioned its cash flows. The company operates three sugar mills in Bihar (Narkatiaganj, Sidhwalia, and Hasanpur) with a combined capacity of 21,500 TCD, backed by 155 KLPD of ethanol distillation and 38 MW of cogeneration power.

Looking forward, the company is highly optimistic about Bihar’s new agro-industrial roadmap. With steam-saving measures and an expanded crushing capacity fully active at the Narkatiaganj unit, MSEL is now installing a new sugar refinery to enhance value addition and drive long-term competitiveness.

Priyanka Dutta