Zuari Industries Q1 results, quarter to Jun 2026

NSE: ZUARIINDBSE: 500780Agricultural Food & other ProductsSmall Cap

ZUARI INDUSTRIES LIMITED · Formerly Zuari Global · Face value ₹10 · Listed Oct 1970 on BSE, Apr 1995 on NSE

₹239.00₹1.85 (0.77%)BSE ₹240.05

Share price at the NSE close on 29 Oct 2026. Previous close ₹240.85.

29 Oct: open ₹240.85, high ₹241.00, low ₹234.60

52-week range of traded prices to 29 Oct 2026

₹210.00Low, 30 Mar 2026₹364.00High, 11 Nov 2025

Market cap: ₹712 Cr1,626th largest listed
P/E: 6.56
P/B: 0.20
Dividend yield: 0.42%
ROE: 2.5%
ROCE: 0.5%
Debt to equity: 0.72
Volume, NSE: 32,52349.5% delivered

Zuari Industries filed its Q1 results for the quarter to Jun 2026 on 13 Aug 2026 at 5:20 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Zuari Industries annual results and balance sheet

Revenue: ₹312 Cr+21.2% on a year ago · +10.0% on the quarter before
Operating profit: ₹14 Cr−43.8% on a year ago · −66.5% on the quarter before
Net profit: ₹0.05 Cr
Earnings per share: ₹0.20+900.0% on a year ago
Operating margin: 4.5%
Net margin: 0.0%

From revenue to net profit, ₹ crore

Revenue312
Materials and goods−229
Employee costs−34
Other expenses−35
Operating profit14
Depreciation−8.0
Other income+16
One-off items+4.8
Finance costs−62
Profit before tax−35
Tax+0.6
Joint ventures+34
Net profit0.1

Zuari Industries results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹312 Cr, quarter to Jun 2026; lowest ₹116 Cr, quarter to Dec 2023Back to profit in the quarter to Jun 2026, ₹0.05 Cr

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4Filed 27 May	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3	Mar 2026Q4Filed 25 May	Jun 2026Q1Filed 13 Aug
Revenue from operations	167	126	256	234	187	252	282	191	269	116	262	226	237	235	272	257	241	263	284	312
	178	126	215	234	202	258	233	236	282	133	142	201	233	242	245	232	230	270	241	298
Materials and goods bought	106	58	152	169	126	184	165	174	235	67	47	152	179	172	155	168	155	182	145	229
Employee costs	17	18	21	19	21	24	26	22	23	26	26	25	26	31	31	30	32	35	36	34
Other expenses	55	49	42	46	54	50	43	40	24	39	69	24	28	38	58	34	44	54	60	35
Operating profit before depreciation	−11	0	42	0	−15	−6	49	−45	−13	−17	121	25	4	−7	28	25	11	−8	42	14
Operating margin	−6.9%	−0.4%	16.2%	0.0%	−8.0%	−2.5%	17.4%	−23.6%	−5.0%	−14.6%	46.1%	10.9%	1.7%	−3.0%	10.1%	9.8%	4.5%	−2.9%	14.9%	4.5%
Depreciation and amortisation	6	7	3	7	7	8	6	7	7	7	7	7	7	7	8	7	7	8	8	8
Other income	59	29	80	34	59	29	61	82	46	79	21	16	40	39	17	10	45	39	16	16
Finance costs	54	53	73	60	59	62	67	69	74	72	68	69	71	63	59	63	61	56	62	62
Profit before one-off items and tax	−12	−31	45	−33	−22	−47	36	−38	−48	−16	68	−35	−34	−39	−22	−35	−13	−33	−11	−40
One-off items	0	0	0	0	0	0	0	0	0	813	−22	0	−20	0	0	0	−7	−6	4	5
Profit before tax	−12	−31	45	−33	−22	−47	36	−38	−48	797	46	−35	−54	−39	−22	−35	−20	−39	−8	−35
	0	−4	10	−2	13	−19	17	3	−1	74	−2	−1	0	2	6	0	3	2	12	−1
Current tax	2	3	−4	0	0	0	0	0	0	1	0	1	1	0	1	1	1	1	1	1
Deferred tax	−2	−7	14	−2	13	−20	17	3	−1	73	−2	−2	−1	1	6	−1	2	1	11	−1
Tax rate	–	–	21.8%	–	–	–	46.5%	–	–	9.3%	−4.5%	–	–	–	–	–	–	–	–	–
Share of profit of joint ventures and associates	29	−21	0	284	−10	23	82	−7	14	5	16	0	39	15	8	35	187	14	−12	34
	17	−48	35	253	−45	−4	101	−49	−33	728	63	−34	−15	−25	−21	0	164	−26	−32	0
Belonging to the company's shareholders	23	−43	36	253	−44	−4	101	−48	−33	728	64	−33	−14	−25	−21	0	165	−26	−31	1
Belonging to outside owners of subsidiaries	−6	−6	0	–	0	–	0	0	0	0	0	0	0	−1	0	−1	−1	−1	−1	−1
Other comprehensive income	174	286	184	−862	323	−45	−291	128	125	724	−169	1,422	−176	−316	295	5	−540	−190	806	520
Total comprehensive income	191	237	219	−610	278	−49	−190	79	91	1,452	−106	1,388	−191	−341	274	4	−376	−217	774	520
Net margin	9.9%	−38.5%	13.8%	108.0%	−24.0%	−1.6%	35.8%	−25.5%	−12.3%	628.9%	24.2%	−14.9%	−6.2%	−10.7%	−7.6%	−0.2%	68.1%	−10.1%	−11.1%	0.0%
Net margin without joint ventures and associates	−7.2%	−21.5%	13.8%	−13.4%	−18.9%	−10.8%	6.9%	−21.7%	−17.5%	624.6%	18.2%	−15.1%	−22.6%	−17.1%	−10.4%	−13.6%	−9.3%	−15.4%	−6.9%	−11.0%
Earnings per share	₹7.74	−₹14.52	₹11.90	₹84.97	−₹14.92	–	₹33.99	−₹16.20	−₹11.00	₹244.51	₹21.35	−₹11.20	−₹4.84	−₹8.31	−₹6.96	₹0.02	₹55.34	−₹8.69	−₹10.41	₹0.20

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Zuari Industries segment results by year

Sugar
Revenue, ₹ crore
204
84
144
169
172
220
246
174
168
222
292
237
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−8
−12
25
14
−3
−3
46
16
2
−3
61
8
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Engineering services
Revenue, ₹ crore
1
1
1
1
1
5
8
15
18
23
28
12
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−1
−1
0
0
−1
0
0
1
−1
−2
5
−2
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Real estate
Revenue, ₹ crore
29
32
99
7
7
7
11
9
7
9
0
15
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−5
−12
104
−4
1
−6
−6
−4
−2
−3
−16
−2
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Ethanol
Revenue, ₹ crore
64
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
5
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Others
Revenue, ₹ crore
15
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−1
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	294	165	358	261	242	334	400	281	268	371	436	343
Company revenue, as in its results	269	116	262	226	237	235	272	257	241	263	284	312
Revenue	204	84	144	169	172	220	246	174	168	222	292	237
Revenue growth	92.2%	−47.3%	−40.7%	9.2%	−15.8%	162.5%	70.6%	2.8%	−2.3%	0.7%	18.6%	36.5%
Profit	−8	−12	25	14	−3	−3	46	16	2	−3	61	8
Profit growth	–	–	−23.4%	–	–	–	85.1%	11.4%	–	–	31.3%	−47.4%
Margin	−4.0%	−13.8%	17.4%	8.5%	−1.7%	−1.5%	18.9%	9.2%	1.4%	−1.4%	20.9%	3.5%
Assets	392	472	725	645	483	540	715	575	437	550	767	696
Liabilities	124	139	205	72	30	82	161	35	30	116	166	35
Capital employed	268	333	520	573	453	458	555	540	407	434	601	660
Revenue	47	16	57	58	44	52	74	61	48	61	64	–
Revenue growth	214.5%	−47.4%	−18.5%	28.8%	−5.7%	218.6%	29.0%	5.5%	9.9%	16.3%	−13.7%	–
Profit	7	−2	11	10	6	2	9	9	3	−3	3	–
Profit growth	–	–	43.9%	57.9%	−10.0%	–	−17.2%	−16.0%	−55.9%	–	−68.9%	–
Margin	14.3%	−11.9%	19.2%	17.5%	13.7%	3.3%	12.3%	13.9%	5.5%	−4.7%	4.4%	–
Assets	164	170	182	180	175	175	193	189	179	180	198	–
Liabilities	0	0	0	1	0	1	0	1	1	1	0	–
Capital employed	164	170	182	179	175	175	193	188	178	179	198	–
Revenue	2	19	43	11	2	34	46	3	10	40	39	–
Revenue growth	–	18.4%	1.2%	42.4%	–	78.0%	5.9%	−70.3%	–	17.0%	−15.4%	–
Profit	−4	−3	−24	−3	−3	−7	−6	−4	2	−2	−9	–
Margin	−171.7%	−17.6%	−54.9%	−29.6%	−138.6%	−21.5%	−13.5%	−112.4%	25.8%	−4.1%	−22.7%	–
Assets	176	183	163	148	143	156	170	138	127	146	140	–
Liabilities	0	0	0	0	0	0	0	0	0	0	0	–
Capital employed	176	183	162	148	143	156	170	138	127	146	140	–
Revenue	1	1	1	1	1	5	8	15	18	23	28	12
Revenue growth	–	–	–	–	–	–	–	–	–	381.4%	238.9%	−23.9%
Profit	−1	−1	0	0	−1	0	0	1	−1	−2	5	−2
Margin	−216.8%	−74.6%	57.5%	−23.2%	−61.8%	−9.0%	−4.0%	6.6%	−3.2%	−8.3%	18.4%	−18.2%
Assets	12	12	11	11	12	14	18	24	34	42	45	35
Liabilities	9	8	5	5	6	11	11	18	34	34	29	22
Capital employed	3	3	6	6	6	3	7	5	0	8	16	13
Revenue	7	8	7	7	8	10	9	9	9	11	8	–
Revenue growth	−9.9%	−16.2%	13.1%	8.1%	15.9%	20.4%	38.2%	24.5%	21.0%	9.5%	−7.1%	–
Profit	−1	0	0	−1	−1	−1	−1	−1	−1	−1	−2	–
Margin	−18.7%	1.2%	−7.5%	−9.8%	−10.3%	−5.7%	−11.5%	−14.7%	−13.3%	−8.5%	−25.6%	–
Assets	3	3	3	3	3	3	4	4	3	2	3	–
Liabilities	6	5	4	5	6	5	5	6	6	7	7	–
Capital employed	−3	−3	−1	−2	−2	−2	−1	−3	−3	−4	−5	–
Revenue	–	–	–	–	–	–	5	9	7	6	5	–
Revenue growth	–	–	–	–	–	–	–	–	–	–	5.7%	–
Profit	–	–	–	–	–	–	−1	4	3	1	2	–
Margin	–	–	–	–	–	–	−13.5%	46.9%	41.5%	20.2%	31.2%	–
Assets	–	–	–	–	–	–	69	77	74	75	83	–
Liabilities	–	–	–	–	–	–	22	26	19	21	31	–
Capital employed	–	–	–	–	–	–	47	51	54	54	52	–
Revenue	29	32	99	7	7	7	11	9	7	9	0	15
Revenue growth	−46.5%	−58.3%	231.2%	−54.1%	−74.7%	−77.0%	−88.9%	30.4%	−5.8%	17.3%	−98.4%	64.0%
Profit	−5	−12	104	−4	1	−6	−6	−4	−2	−3	−16	−2
Profit growth	–	–	5,954.6%	–	–	–	–	–	–	–	–	–
Margin	−18.2%	−37.8%	105.1%	−60.8%	12.6%	−78.2%	−52.2%	−40.7%	−31.7%	−39.7%	−9,108.8%	−14.2%
Assets	1,009	1,072	1,037	1,069	1,188	1,074	975	882	859	827	734	771
Liabilities	638	728	756	806	933	804	695	612	583	521	462	446
Capital employed	371	344	280	264	255	270	280	270	276	306	271	325
Revenue	0	0	0	0	0	1	1	1	0	0	0	–
Profit	1	1	1	1	0	−1	−16	−1	0	−1	−5	–
Margin	–	–	1,73,714.3%	7,88,500.0%	–	−119.5%	−1,318.9%	−182.5%	−711.1%	−2,176.5%	−3,937.8%	–
Assets	32	33	32	33	22	21	17	16	16	15	15	–
Liabilities	11	11	9	9	14	12	18	18	20	21	16	–
Capital employed	21	22	23	24	8	9	−1	−1	−4	−6	−1	–
Revenue	–	–	–	–	–	–	–	–	–	–	–	64
Profit	–	–	–	–	–	–	–	–	–	–	–	5
Margin	–	–	–	–	–	–	–	–	–	–	–	7.5%
Assets	–	–	–	–	–	–	–	–	–	–	–	171
Liabilities	–	–	–	–	–	–	–	–	–	–	–	1
Capital employed	–	–	–	–	–	–	–	–	–	–	–	171
Revenue	–	–	–	–	–	–	–	–	–	–	–	15
Profit	–	–	–	–	–	–	–	–	–	–	–	−1
Margin	–	–	–	–	–	–	–	–	–	–	–	−5.5%
Assets	–	–	–	–	–	–	–	–	–	–	–	91
Liabilities	–	–	–	–	–	–	–	–	–	–	–	54
Capital employed	–	–	–	–	–	–	–	–	–	–	–	37
Revenue	5	5	7	8	7	5	–	–	–	–	–	–
Revenue growth	28.3%	40.0%	–	59.3%	52.5%	−1.2%	–	–	–	–	–	–
Profit	1	2	2	4	3	1	–	–	–	–	–	–
Profit growth	78.3%	1,508.1%	–	120.6%	164.9%	−70.1%	–	–	–	–	–	–
Margin	20.6%	36.5%	26.0%	46.1%	35.7%	11.0%	–	–	–	–	–	–
Assets	61	70	68	76	77	70	–	–	–	–	–	–
Liabilities	20	27	23	29	27	21	–	–	–	–	–	–
Capital employed	41	42	44	48	49	49	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q1 results, quarter to Jun 2026

From revenue to net profit, ₹ crore

Zuari Industries results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Sugar

Engineering services

Real estate

Ethanol

Others