Shree Hanuman Sugar Q2 loss narrows as Motihari stays shut

Shree Hanuman Sugar and Industries Limited reported a Rs 25.54 lakh net loss for the quarter ended September 30, 2026, versus a Rs 28.55 lakh loss a year earlier, as it reported no operating revenue and its Motihari, Bihar sugar mill remained non-operational. The loss was also higher than Rs 23.99 lakh in the preceding June 2026 quarter.

Why did Shree Hanuman Sugar report no operating revenue?

Shree Hanuman Sugar reported no revenue from operations for the quarter ended September 30, 2026. The company’s quarterly statement also did not report other income for the period, resulting in no total-income amount in the latest-quarter column.

The company said its sugar mill at Motihari, Bihar remained non-operational and closed during the year under review. The filing attributes the closure to various factors, but the available note does not specify those factors, quantify their effect, or provide a date for restarting the mill.

The latest quarter contrasts with the quarter ended September 30, 2025, when Shree Hanuman Sugar reported total income of Rs 0.44 lakh. Its half-year total income was Rs 0.69 lakh for the period ended September 30, 2025, while the audited total income for the year ended March 31, 2026 was Rs 4.35 lakh.

Shree Hanuman Sugar identifies sugar and construction as its two operating segments under Indian Accounting Standard 108, or Ind AS 108. Its segment report showed no net sales or income from operations for September 2026, compared with Rs 0.44 lakh in the September 2025 quarter, and did not separately report a construction revenue figure for the latest quarter.

How did Shree Hanuman Sugar’s quarterly loss change?

Shree Hanuman Sugar’s September 2026 net loss narrowed by Rs 3.01 lakh from the Rs 28.55 lakh loss reported in September 2025. The lower year-on-year loss came despite the absence of reported operating revenue in the latest quarter.

The sequential movement was different. The September-quarter loss of Rs 25.54 lakh was Rs 1.55 lakh higher than the Rs 23.99 lakh loss recorded in the quarter ended June 30, 2026. Total expenses followed the same pattern, at Rs 25.54 lakh in September 2026, Rs 23.99 lakh in June 2026 and Rs 28.98 lakh in September 2025.

The results statement reported no tax expense or tax credit for the September 2026, June 2026 or September 2025 quarters. It also reported no profit or loss from discontinued operations in these periods, so the September 2026 total loss of Rs 25.54 lakh matched the loss from continuing operations.

What did Shree Hanuman Sugar report for the half year and per-share loss?

Shree Hanuman Sugar reported a Rs 49.54 lakh loss for the half year ended September 30, 2026, compared with a Rs 52.54 lakh loss for the corresponding half year ended September 30, 2025. The six-month loss was therefore Rs 3.00 lakh lower than a year earlier.

Total expenses for the half year ended September 30, 2026 were Rs 49.54 lakh, against Rs 53.24 lakh in the prior-year half. For the audited year ended March 31, 2026, Shree Hanuman Sugar recorded total expenses of Rs 93.77 lakh and a loss of Rs 89.42 lakh, alongside total income of Rs 4.35 lakh.

Basic and diluted loss per share were both Rs 0.14 for the September 2026 quarter, compared with Rs 0.15 for the September 2025 quarter. For the half year, basic and diluted loss per share were Rs 0.27, versus Rs 0.28 in the prior-year half; the annual loss per share for the year ended March 31, 2026 was Rs 0.48.

Paid-up equity share capital was unchanged at Rs 18.50 crore at September 30, 2026, June 30, 2026 and September 30, 2025. The company stated that the face value of each equity share was Rs 10.

What does Shree Hanuman Sugar’s segment position show?

Shree Hanuman Sugar reported total segment assets of Rs 239.1927 crore at September 30, 2026, compared with Rs 239.1769 crore at June 30, 2026 and Rs 241.1045 crore at September 30, 2025. The September 2026 total was Rs 1.9118 crore below the year-earlier level.

Total segment liabilities were Rs 87.8243 crore at September 30, 2026, versus Rs 87.5531 crore at June 30, 2026 and Rs 88.8719 crore a year earlier. Assets less liabilities were Rs 151.3684 crore at September 30, 2026, down from Rs 151.6238 crore three months earlier and Rs 152.2326 crore a year earlier.

Shree Hanuman Sugar’s results are signed by an insolvency professional and describe the company as being under the Corporate Insolvency Resolution Process, or CIRP. The note says the signing is aligned with Section 17(2) of the Insolvency and Bankruptcy Code, but the filing does not disclose a resolution outcome, a mill revival plan or a timetable for resumed sugar production.

Conclusion

Shree Hanuman Sugar’s September 2026 results show that its reported quarterly loss narrowed from the year-earlier period, but the Motihari mill’s continued closure left the company with no reported operating revenue. The Rs 25.54 lakh quarterly loss also increased from the June 2026 quarter, while segment assets less liabilities declined both sequentially and year on year.

The unresolved matters to watch are the Motihari mill’s operating status and the CIRP process. Shree Hanuman Sugar disclosed neither a reopening date nor a resolution outcome in its September 2026 results, so subsequent filings would need to show whether revenue resumes, a segment contribution is reported, or an insolvency-process development is announced.