Bajaj Hindusthan Sugar reports significant Q2 loss, auditors raise going concern doubts

Bajaj Hindusthan Sugar reported a standalone net loss of ₹99.59 crore for the quarter ended September 30, 2025, and a consolidated net loss of ₹105.25 crore for the same period. For the six months ended September 30, 2025, the standalone net loss was ₹268.16 crore, and the consolidated net loss was ₹279.25 crore. Revenue from operations for the quarter stood at ₹1,153.11 crore (standalone) and ₹1,157.19 crore (consolidated).

The company’s auditors issued a qualification regarding the non-recognition of accrued Yield to Maturity (YTM) liability and coupon interest, totaling ₹3,948.70 crore and ₹40.30 crore respectively. Had these been recognized, the standalone net loss would have increased to ₹302.72 crore for the quarter and ₹672.15 crore for the six months, resulting in a negative net worth of ₹(24.84) crore. The auditors also highlighted a material uncertainty regarding the company’s ability to continue as a going concern, due to past performance issues, outstanding sugarcane dues, and current losses.

Bajaj Hindusthan Sugar is addressing these challenges through a comprehensive resolution plan under discussion with lenders and has already discharged OCD-related financial obligations due up to March 31, 2025. It also received an increase in power tariff revenue of ₹14.33 crore for the current quarter due to revised regulations.