Magadh Sugar Q1FY26 profit plunges on lower income, eyes ethanol-led growth in 2025-26
Kolkata: Magadh Sugar & Energy Ltd (MSEL) reported a steep fall in earnings for the quarter ended June 30, 2025, as lower income and operational challenges weighed on performance.
The company posted a net profit of ₹0.22 crore in Q1 FY26, down sharply from ₹11.43 crore a year earlier.
Total income dropped to ₹333.88 crore from ₹359.69 crore in the same period last year, while EBITDA nearly halved to ₹19.92 crore from ₹35.57 crore.
Chairperson C.S. Nopany said the quarter reflected a testing season for the sugar industry, with output hit by climatic uncertainties, pest challenges, and shifting ethanol priorities.
However, he described these disruptions as part of a larger shift towards a diversified, sustainable energy ecosystem.
“The early achievement of the 20% ethanol blending target is a testament to the industry’s adaptability and leadership in supporting the national energy agenda,” Nopany said.
Looking ahead, MSEL plans to focus on operational excellence, expand distillery capacity, and work closely with farmers and policymakers to ensure long-term stability.
The company highlighted recent upgrades at its Narkatiaganj unit, including higher crushing capacity and steam-saving measures, which are fully operational for the 2024-25 season.
MSEL operates three sugar mills in Bihar with a combined crushing capacity of 21,500 tonnes of cane per day and two ethanol distilleries with a total capacity of 155 KLPD.
It also runs a co-generation facility capable of producing 38 MW of power.
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