Shree Renuka Sugars Q3 results: Net loss widens to ₹203.7

Shree Renuka Sugars Q3 results: Shree Renuka Sugars on Wednesday, February 12, posted widening of its net loss to ₹203.7 crore in the December quarter, on lower income.

The company reported a net loss of ₹171.7 crore during the corresponding quarter a year earlier, according to a regulatory filing issued on Tuesday.

Its total consolidated income declined to ₹2,478.3 crore in the third quarter of the 2024-25 fiscal from ₹3,009.7 crore in the year-ago period.

Expenses remained lower at ₹2,869.3 crore as against ₹3,135.7 crore in the said period.

Shree Renuka Sugars Executive Chairman Atul Chaturvedi said, "The third quarter's results reflect our stable growth in our operations despite the delay in the commencement of the crushing season due to weather condition, political elections and regulatory headwinds caused by lack of ethanol price revision, no change in minimum selling price (MSP) of sugar for the last six years."

The government recently permitted export of 10 lakh tonnes of domestic sugar, which improved the domestic sugar prices, and its effect may be felt in following quarters.

"In spite of all these challenges, Renuka is successfully progressing steadily," he added.