Avadh Sugar & Energy Ltd. reported a decline in consolidated earnings for the quarter ended March 31, 2026, as higher operating expenses weighed on profitability despite relatively stable revenue performance.

Revenue from operations for the March quarter stood at ₹670.61 crore compared to ₹678.78 crore in the corresponding quarter last year. Total income came in at ₹673.24 crore against ₹678.12 crore reported in Q4 FY25.

Net profit after tax declined 22.47% year-on-year (YoY) to ₹55.61 crore from ₹71.68 crore in the year-ago period.

At the operating level, EBITDA fell to ₹117.81 crore in Q4 FY26 from ₹149.27 crore in Q4 FY25, registering a decline of 21.08% YoY. EBITDA margin contracted to 17.57% from 22.00% in the corresponding quarter last year.

Total expenses during the quarter increased to ₹589.77 crore compared to ₹568.23 crore a year ago. The rise in expenses was largely driven by higher raw material consumption, employee benefit expenses and finance costs.

Finance costs stood at ₹21.27 crore compared to ₹24.01 crore in the corresponding quarter last year, while depreciation and amortisation expenses increased to ₹15.70 crore from ₹14.71 crore.

Profit before tax for the quarter came in at ₹85.26 crore against ₹109.89 crore in Q4 FY25. Earnings per share (EPS) stood at ₹27.78 compared to ₹35.81 in the corresponding period last year.

For the full financial year FY26, the company reported revenue from operations of ₹2,693.52 crore and net profit after tax of ₹573.05 crore.

Avadh Sugar & Energy operates in the sugar, distillery and power generation segments and is part of the KK Birla Group.