Zuari Industries reports strong Q2 FY26 earnings, strategic advancements

Zuari Industries Limited announced robust financial results for Q2 FY26, with standalone revenue from operations at INR 204.5 crores. The company's operating EBITDA significantly improved from INR 3.5 crores to INR 8.9 crores on a quarterly basis, while finance costs decreased by INR 3.01 crores. PBT before exceptional items saw a substantial increase from INR 0.4 crores to INR 18.6 crores. For the half-year, losses were reduced from INR 39 crores to INR 0.76 crores.

The company achieved a 44% increase in ethanol production during the quarter, operating its distillery for a record 311 days, with 85% capacity utilization for its molasses-based distillery. Sugar sales reached 3.7 lakh quintals, despite lower government quota, compensated by higher realizations of INR 4033 per quintal. Zuari Infra World's income surged from INR 20.9 crores to INR 51.3 crores, driven by foreign exchange gains and progress in projects like Zuari Garden City (95% complete) and St. Regis Dubai (86% complete, handover by March 2026).

Strategic investments valued at INR 4,680 crores as of September 30th remain steady. The company plans to reduce external debt, anticipating a cash inflow of approximately INR 800 crores from the Dubai project in Q2 FY27. ZEBPL’s 180 klpd distillery is nearing commission, aiming for 1000 klpd capacity within 3-5 years.