Ugar Sugar's Rs 1.49 cr profit gets support from other income and tax credit
Standalone operating profit was Rs 26.72 cr, but finance and depreciation costs reduced profit before tax to Rs 1.04 cr.
Filed 05 Aug 2026, 16:16 IST · after market close · UGARSUGAR (UGARSUGAR)
Key takeaways
- Ugar Sugar reported standalone net profit of Rs 1.49 cr, while profit before tax was only Rs 1.04 cr.
- Other income of Rs 2 cr exceeded profit before tax, making earnings quality a key consideration this quarter.
- Operating margin was 5.59%, with interest of Rs 18.47 cr and depreciation of Rs 9.22 cr weighing on profit.
Small reported profit despite positive operating profit
Ugar Sugar reported standalone revenue of Rs 477.88 cr and operating profit of Rs 26.72 cr in Q1FY27. Interest of Rs 18.47 cr and depreciation of Rs 9.22 cr absorbed most of the operating profit, leaving profit before tax at Rs 1.04 cr. The company filed the results after market close on 5 August 2026.
Low margin and non-operating support define the quarter
The 5.59% operating margin shows that only a limited portion of revenue converted into operating profit. Other income of Rs 2 cr was larger than profit before tax, so the reported earnings were not driven solely by operations. The negative tax rate of -43.91% also lifted net profit above profit before tax, with tax recorded at Rs -0.45 cr.
No market reaction or comparison signal yet
The results were filed after market close, so there is no reported stock reaction to assess. The quarter also has no sequential or year-on-year comparison in the reported data, leaving the operating margin of 5.59% and the Rs 1.49 cr net profit as the main starting points for the next comparison.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹478 cr |
| Other income | ₹2 cr |
| Expenses | ₹451 cr |
| Operating profit | ₹27 cr |
| Operating margin (%) | 5.59% |
| Interest | ₹18 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹-0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹0.13 |
What to watch
- Whether operating margin moves from 5.59% in the next reported quarter.
- Whether interest remains close to the Rs 18.47 cr reported this quarter.
- Whether the tax rate remains negative after the -43.91% rate reported in Q1FY27.