Shree Renuka Sugars Ltd. reported a wider net loss of Rs 203.7 crore for the December quarter due to lower income. The company had posted a net loss of Rs 171.7 crore in the same quarter last year, as per the exchange filing on Tuesday.
Total consolidated income fell to Rs 2,478.3 crore in the third quarter of the 2025-26 fiscal, down from Rs 3,009.7 crore in the previous year.
However, expenses also decreased to Rs 2,869.3 crore from Rs 3,135.7 crore in the same period.
Shree Renuka Sugars Executive Chairman Atul Chaturvedi said, "The third quarter's results reflect our stable growth in our operations despite the delay in the commencement of the crushing season due to weather condition, political elections and regulatory headwinds caused by lack of ethanol price revision, no change in minimum selling price of sugar for the last six years."
The government recently permitted export of 10 lakh tonnes of domestic sugar, which improved the domestic sugar prices, and its effect may be felt in following quarters. "In spite of all these challenges, Renuka is successfully progressing steadily," he added.
Shares of Shree Renuka Sugars closed 6.52% lower at Rs 32.26 apiece, compared to a 0.12% decline in the benchmark Nifty. The stock has fallen 30.02% in the last 12 months.
(With PTI Inputs.)
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