GURUGRAM: Zuari Industries, which has its corporate office on MG Road in Sector 26, reported standalone total income of Rs 261.72 crore for the September quarter in an exchange filing dated Thursday, November 12, 2026. The result gives local readers following the Gurugram based company's businesses a fresh account of its sugar sales, engineering work and property operations, alongside a distinction between operating earnings and income from other sources.

The office is on the fifth floor of Tower A, Global Business Park, according to the filing. The unaudited results cover the quarter and half year ended September 30, 2026. Its figures describe the company and its consolidated businesses, rather than revenue generated by the Sector 26 office or by Gurugram alone.

Total income rises, with other income contributing

The November 12 results release filed with the National Stock Exchange puts standalone quarterly total income at Rs 261.72 crore, compared with Rs 248.10 crore in the corresponding period a year earlier. The company describes that increase as 5.5 per cent. Half year total income reached Rs 545.62 crore, compared with Rs 472.85 crore, an increase of 15.4 per cent.

The table accompanying the release separates revenue from operations and other income. Quarterly operating revenue was Rs 209.66 crore, against Rs 204.51 crore a year earlier. Other income was Rs 52.06 crore, against Rs 43.59 crore. Together, these make up the stated total income. That distinction matters when comparing growth in the company's trading and production activities with growth in its overall income.

Earnings before interest, tax, depreciation and amortisation, or EBITDA, were Rs 63.31 crore for the quarter, up from Rs 52.53 crore. The operating EBITDA line was smaller, at Rs 11.25 crore compared with Rs 8.94 crore. The release reports quarterly standalone profit after tax of Rs 16.99 crore and half year profit after tax of Rs 7.52 crore.

  • Quarterly standalone total income: Rs 261.72 crore.
  • Quarterly standalone operating revenue: Rs 209.66 crore.
  • Quarterly standalone other income: Rs 52.06 crore.
  • Quarterly standalone EBITDA: Rs 63.31 crore.
  • Quarterly standalone profit after tax: Rs 16.99 crore.

The half year figures show a different pattern within earnings. Overall EBITDA increased to Rs 94.63 crore from Rs 89.40 crore, while operating EBITDA fell to Rs 25.19 crore from Rs 31.33 crore. It would therefore be inaccurate to describe every measure of underlying performance as having increased over the six month period.

Sugar sales and financing costs

The company reported quarterly sugar sales of 3.9 lakh quintals, compared with 3.7 lakh quintals in the corresponding period. Half year sales were 8.6 lakh quintals against 7.3 lakh quintals. Average quarterly sugar realisation was Rs 4,588 per quintal, which the release says was 14 per cent higher than a year earlier.

Managing director Athar Shahab said crushing operations for the new season began in October 2026, in line with the previous year's timing. He attributed improved quarterly operating margins to stronger sugar prices, efficiency and cost management. These are management's explanations of performance, rather than independently measured guarantees about the season ahead.

Standalone quarterly finance costs fell to Rs 25.32 crore from Rs 27.55 crore. For the half year they declined to Rs 54.35 crore from Rs 57.20 crore. The company's statement links its financial discipline with reduced borrowing rates and finance costs. Quarterly depreciation and amortisation, by contrast, increased to Rs 6.82 crore from Rs 6.35 crore.

Engineering, property and consolidated businesses

Simon India, the engineering arm, was executing projects worth approximately Rs 70 crore and secured engineering and feasibility study assignments during the quarter, the company said. In property, handovers at the St. Regis development in Dubai were underway and profit repatriation had begun. Management said those receipts supported efforts to reduce debt.

The company also reported the launch during the quarter of residential and plotted development projects in Hyderabad and Bengaluru under a development management model, with other such work continuing in Kolkata. Its Zuari Envien Bioenergy joint venture had stabilised operations after commissioning and submitted a bid for the annual oil marketing company tender.

Consolidated total revenue was reported at Rs 328.77 crore for the quarter and Rs 656.29 crore for the half year. Consolidated profit after tax was Rs 184.73 crore for the quarter, compared with Rs 164.29 crore a year earlier. These consolidated numbers should be kept separate from the standalone result. The company's financial information page provides the associated financial documents.

For separate Gurugram corporate developments, see our reports on TCI Express results, Honasa's quarterly update and Sector 20 bank operations vacancies.