Shree Renuka Sugars (RENUKA) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for Q3 FY25 was INR 24,783 million, down from INR 30,097 million in Q3 FY24; nine-month revenue was INR 78,761 million, nearly flat year-over-year.

• Net loss for Q3 FY25 stood at INR 2,037 million, with a nine-month net loss of INR 5,162 million, both higher than the previous year.

• Standalone revenue for Q3 FY25 was INR 23,034 million, with a net loss of INR 1,953 million for the quarter and INR 4,373 million for the nine months.

Financial highlights

• Gross margin compressed as cost of materials consumed remained high, and inventory changes were unfavorable.

• Finance costs for the nine months were INR 6,191 million (consolidated) and INR 5,520 million (standalone), reflecting high leverage.

• EPS (consolidated) for Q3 FY25 was negative at INR (0.96), and for nine months at INR (2.95).

• Net worth remains negative: INR (17,898) million (consolidated) and INR (4,469) million (standalone) as of December 31, 2024.

Outlook and guidance

• Management asserts going concern status, supported by guarantees and letters of support from the ultimate holding company.

• No explicit forward-looking financial guidance provided.