ASEL records total income of Rs 672 crore for fourth quarter of FY26

The company’s EBITDA for Q4 FY26 stood at Rs 121 crore, down from Rs 149 crore in Q4 FY25, while profit after tax (PAT) declined to Rs 56 crore from Rs 72 crore a year earlier.

The Board has recommended a dividend of 100 per cent of the face value, translating to Rs 10 per equity share for FY26.

Commenting on the performance, C.S. Nopany said Uttar Pradesh’s sugar and ethanol sector continues to evolve amid near-term operational and cost pressures.

“While sugar production has moderated due to lower cane yield and availability, early mill closures, and weather-led recovery variations, the recent hike in State Advised Price (SAP) is expected to tighten sugar mill margins unless offset by stronger realisations,” he said.

Nopany added that the Ethanol Blending Programme continues to make steady progress, with industry participants optimistic that the Central Government may further raise blending targets over time to reduce India’s dependence on crude oil imports.

“Supported by higher molasses allocation, expanding integrated capacities and a strong policy thrust, Uttar Pradesh remains strategically positioned for long-term growth across both sugar and ethanol value chains,” he said.

“At Avadh, our commitment to sustainable and inclusive growth remains steadfast through operational efficiency and our unwavering focus on sugarcane development. The crushing capacity at the Hargaon unit has successfully been increased from 10,000 tonnes crushed per day (TCD) to 13,000 TCD with the commencement of the 2025–26 sugar season,” Nopany said.

He added that the company will continue to focus on optimising its existing assets, supported by prudent capital allocation and strong governance, to deliver durable long-term value creation for all stakeholders.

ASEL operates across sugar, spirits and ethanol, cogeneration, and other by-products arising from the sugar manufacturing process and related business activities.

The company has four sugar mills located at Hargaon, Seohara, Hata, and Rosa, with a combined crushing capacity of 34,800 TCD.

It also operates two distilleries at Hargaon and Seohara with a total ethanol production capacity of 325 KLPD (B-heavy molasses route). Additionally, the company has a cogeneration facility capable of producing 74 MW of power.