Magadh Sugar reports dip in Q2 and H1 FY26 earnings

Magadh Sugar & Energy Limited (MSEL) reported a net profit after tax (PAT) loss of INR 10 crore for Q2 FY26, a notable decrease from a PAT of INR 5 crore in Q2 FY25. Total income for the quarter remained stable at INR 325 crore, compared to INR 324 crore in the same period last year. However, EBITDA for Q2 FY26 saw a significant reduction to INR 2 crore from INR 21 crore in Q2 FY25.

For the first half of fiscal year 2026 (H1 FY26), MSEL recorded a PAT loss of INR 10 crore, down from a PAT of INR 17 crore in H1 FY25. Total income for H1 FY26 was INR 659 crore, a slight decrease from INR 684 crore in H1 FY25. The company’s EBITDA for H1 FY26 also declined to INR 22 crore from INR 57 crore in the corresponding period last year.

chairperson C.S. Nopany highlighted the sugar sector's critical transition amid challenges such as erratic weather and cane availability. He emphasized the industry's structural shift toward ethanol blending and the company's commitment to sustainable growth through strategic investments and increased crushing capacity.