Ugar Sugar Works Q2 FY27 Results: Key Dates, Q1 Numbers

Ugar Sugar Works Ltd is scheduled to consider and approve its unaudited financial results for the quarter and half year ended September 30, 2026, at a board meeting on October 27, 2026. The company has also said the meeting will consider segment-wise revenue results. The scheduled disclosure is important because it will provide the first official update on the company’s operating performance after its June 2026 quarter. Ugar Sugar Works, a Karnataka-based sugar manufacturer incorporated in 1939, had a market capitalisation of about Rs 610 crore in the supplied data.

Board meeting moved to October 27

The company informed BSE that its board meeting, originally scheduled for October 26, 2026, was rescheduled to October 27, 2026. The agenda is to approve and take on record unaudited financial results for the September 2026 quarter and the first half of FY27. Segment-wise revenue information is also part of the stated agenda. As of the announced schedule, the September-quarter financial figures have not been provided in the source material. Investors will therefore have to rely on the formal outcome of the board meeting for confirmed Q2 FY27 numbers.

June-quarter revenue rose 34.11% year-on-year

For the quarter ended June 30, 2026, Ugar Sugar Works reported standalone net sales of Rs 477.88 crore. This was up 34.11% from Rs 356.34 crore in the corresponding June 2025 quarter. The company’s revenue was also stated as Rs 477 crore in the earnings data, with the small difference reflecting rounding. On a sequential basis, the supplied earnings data indicated revenue growth of 22.69%. The March 2026 quarterly revenue figure in the historical table was Rs 389 crore, while the June 2026 figure was reported at Rs 478 crore.

Profit returned in the June 2026 quarter

Ugar Sugar Works reported net profit of Rs 1.49 crore for the April-June 2026 quarter, compared with a net loss of Rs 13.7 crore a year earlier. The headline earnings data rounded the June-quarter net profit to Rs 1 crore. Although the return to profit marked an improvement from the year-ago quarter, the reported profit remained small relative to revenue of nearly Rs 478 crore. The company’s Q1 FY27 gross profit was stated at Rs 17 crore in the supplied earnings information. That data also showed gross profit down 71.12% sequentially and net profit down 96.74% sequentially.

Annual FY26 figures show a recovery

For the year ended March 2026, Ugar Sugar Works reported revenue of Rs 1,491.78 crore, compared with Rs 1,343.22 crore in FY25. EBITDA rose to Rs 111.05 crore from Rs 53.82 crore in the previous year. Net profit was Rs 13.61 crore in FY26, against a net loss of Rs 16.25 crore in FY25. Earnings per share were Rs 1.21, compared with a loss per share of Rs 1.44 in FY25. The annual numbers show that the company returned to profitability during FY26, even as quarterly earnings remained uneven.

Revenue trend has remained volatile

The historical quarterly data shows considerable variation in Ugar Sugar Works’ sales. Revenue stood at Rs 511 crore in March 2025 before falling to Rs 356 crore in June 2025. It then rose to Rs 417 crore in September 2025, declined to Rs 321 crore in December 2025, and recovered to Rs 389 crore in March 2026. June 2026 revenue of Rs 478 crore was the highest level in the four quarters shown after September 2025. This movement underlines why the September 2026 results will be watched for evidence on whether the June sales momentum was sustained.

Key financial data at a glance

Earlier quarterly pressure provides context

The supplied information also refers to a prior quarter in which Ugar Sugar Works reported a net loss of Rs 32.17 crore on net sales of Rs 417.39 crore. In that reported period, operating margin was negative 8.14%, compared with a positive 3.25% in the preceding quarter, while interest costs were Rs 17.72 crore. The underlying dates and fiscal-year labels in that material differ from the current FY27 results schedule. However, the figures illustrate the effect that operating costs and finance expenses can have even when sales increase. The September 2026 disclosure will provide updated official information on these measures.

Capital returns remain below stated cost of capital

The supplied fundamentals summary reported a 12-month return on invested capital of 7.7% for Q1 FY27. The same data placed the company’s cost of capital at 12%. No 12-month return on capital employed figure was reported in that table. The gap between the stated return on invested capital and cost of capital is relevant when assessing the quality of earnings recovery. Investors may look for management disclosures on operating margins, debt servicing and finance costs when the September-quarter results are released.

What investors can monitor in the Q2 release

The October 27 board outcome should provide official net sales, profit or loss, margins and segment revenue for the September 2026 quarter. The half-year result will also show how the June-quarter improvement compares with the subsequent three months. Revenue direction will be relevant after the 34.11% year-on-year increase reported in June. Profitability, interest cost and operating margins will be equally important, given the company’s earlier reported pressure in these areas. The company has announced the board-meeting schedule, but no September-quarter financial outcome is included in the supplied material.

Conclusion

Ugar Sugar Works enters its September-quarter results announcement after reporting higher June-quarter revenue and a return to a small quarterly profit. Its FY26 annual results also showed a shift from loss to profit. The board is scheduled to approve the unaudited Q2 FY27 and half-year results on October 27, 2026. The formal filing will provide the next confirmed view of sales, margins, finance costs and profitability.