UTTAMSUGARUttam Sugar Mills Ltd.
Uttam Sugar Mills Q2 FY27 Results: Consolidated Net Profit ₹4.54 Crore on Total Income of ₹496 Crore
- Earnings
- Sugar
Reviewed byKeshav SehgalBlacklitt Research
Uttam Sugar Mills (NSE: UTTAMSUGAR) reported consolidated total income of ₹495.59 crore and net profit of ₹4.54 crore for the quarter ended 30 Sep 2026, it said in a filing on 31 Oct 2026. Standalone total income was ₹454.68 crore and standalone net profit ₹4.21 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹495.59 crore, down 15.3% YoY and 18.4% QoQ
- Net profit: ₹4.54 crore, up 363.3% YoY; ₹4.48 crore attributable to owners
- EPS: ₹1.18 basic, against ₹0.32 a year earlier
- Finance costs: ₹5.48 crore, down 55.8% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹454.68 crore, down 19.0% YoY and 22.7% QoQ
- Net profit: ₹4.21 crore, up 395.3% YoY
- EPS: ₹1.10 basic, against ₹0.39 a year earlier
- Finance costs: ₹4.73 crore, down 57.5% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 496 | 585 | -15.3% | 608 | -18.4% | |
| Revenue from operations | 494 | 582 | -15.1% | 606 | -18.5% |
| Other income | 2 | 3 | -51.5% | 1 | +24.2% |
| 5 | 1 | +363.3% | 1 | +249.2% | |
| Profit before tax | 6 | 2 | +273.7% | 6 | 0.0% |
| Finance costs | 5 | 12 | -55.8% | 13 | -58.9% |
| Depreciation | 13 | 12 | +2.9% | 12 | +0.2% |
| Tax expense | 1 | n/a | n/a | n/a | n/a |
| Net profit margin | 0.92% | 0.17% | +0.75 pp | 0.21% | +0.70 pp |
| EPS, basic (₹) | 1.18 | 0.32 | +268.7% | 0.32 | +268.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 363.3% year on year while total income fell 15.3%, so the profit line moved against the income line. Finance costs fell to ₹5.48 crore from ₹12.40 crore a year earlier, and the statement shows a lower cost base alongside lower revenue from operations of ₹494.00 crore.
Other income of ₹1.59 crore is 25.5% of profit before tax of ₹6.24 crore, a larger share than in the standalone figures. The tax expense of ₹1.15 crore is 18.4% of profit before tax. The statement prints the net profit of ₹4.54 crore and the attributable share of ₹4.48 crore, and the gap between them is the minority interest.
The auditor's review is unqualified but carries an emphasis of matter on an unsecured loan of ₹6.57 crore from the Uttarakhand State Government, on which interest of ₹6.56 lakh for the quarter has not been accounted for pending the outcome of a waiver application. The company says sugar is a seasonal industry and the quarter may not represent the full year.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 455 | 561 | -19.0% | 588 | -22.7% | |
| Revenue from operations | 453 | 560 | -19.0% | 588 | -22.8% |
| Other income | 1 | 2 | -20.7% | 1 | +36.8% |
| 4 | 1 | +395.3% | n/a | n/a | |
| Profit before tax | 6 | 2 | +146.6% | 1 | +439.3% |
| Finance costs | 5 | 11 | -57.5% | 12 | -61.9% |
| Depreciation | 12 | 11 | +2.9% | 12 | +0.3% |
| Tax expense | 1 | n/a | n/a | n/a | n/a |
| EPS, basic (₹) | 1.10 | 0.39 | +182.1% | 0.22 | +400.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 395.3% year on year, faster than profit before tax, which rose 146.6%. Total income fell 19.0%, with revenue from operations at ₹453.49 crore against ₹559.77 crore a year earlier.
Other income of ₹1.19 crore is 20.6% of profit before tax of ₹5.77 crore.
The statement records an exceptional item described as Impact of Labour Laws, which appears in the six-month and year-ended columns; its amount for this quarter is not clearly printed in the text read.
Inference
The filing records a dividend of ₹2.50 per equity share (25%) for the year ended 31 Mar 2026, approved at the AGM on 18 Sep 2026 and distributed on 25 Sep 2026.
The company says it provided ₹2.45 crore in the quarter for an increase in the levy on B-Heavy molasses from 18% to 19% and 20%, as notified by the U.P. State Government.
The filing does not say whether the waiver application for the Uttarakhand State Government loan will succeed, or how the Impact of Labour Laws exceptional item will be settled.
Filed with BSE on . Reference: Original filing (PDF)
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