Integrated Filing — IndAS



General information about company

Scrip Code 542852
NSE Symbol VISHWARAJ
MSEI Symbol NOTLISTED
ISIN INE430N01022
Name of company Vishwaraj Sugar Industries Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 04-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 12-02-2026   15:40:00
End date and time of board meeting 12-02-2026   16:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No defaults on loans and debt securities.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 7,768.35 26,578.21
Other income 178.22 448.46
Total income 7,946.57 27,026.67
2 Expenses
(a) Cost of materials consumed 19,867.84 20,011.62
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (14,120.80) 2,916.52
(d) Employee benefit expense 762.24 1,891.95
(e) Finance costs 407.55 1,536.27
(f) Depreciation, depletion and amortisation expense 385.54 1,216.00
(f) Other Expenses
1 Other Manufacturing expenses 1,011.33 2,495.14
2 Other Expenses 304.20 736.01
Total other expenses 1,315.53 3,231.15
Total expenses 8,617.90 30,803.51
3 Total profit before exceptional items and tax (671.33) (3,776.84)
4 Exceptional items 0.00 0.00
5 Total profit before tax (671.33) (3,776.84)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (671.33) (3,776.84)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (671.33) (3,776.84)
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period (671.33) (3,776.84)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 4,356.55 4,356.55
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.31 -1.73
Diluted earnings (loss) per share from continuing operations -0.31 -1.73
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.31 -1.73
Diluted earnings (loss) per share from continuing and discontinued operations -0.31 -1.73
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The Financial Results of the company have been prepared pursuant to Regulation 33 and being published pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 2. The financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules as amended from time to time. 3. The Financial results recommended by the Audit Committee are considered and approved by the Board of Directors at their meeting held on 12th February, 2026. 4. The Financial results have been reviewed by the Statutory Auditors of the Company as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 5. For the quarter ending 31st December,2025 the provision has not been made for Current tax liability as per income tax act,1961 as there is loss during the reporting period. 6. Sugar being a seasonal industry, the performance of the quarter may not be representative of the annual performance of the Company. 7. Previous year/Period figures have been regrouped and recast, wherever necessary, in line with the current period presentation. 8. The results for the Quarter ending 31st December,2025 are also available on the portal of BSE Ltd., National Stock Exchange of India Ltd., and on the Company's website. 9. Disclosure of ratios: Additional information pursuant to regulation 52(4) and regulation 54(2) of securities and exchange board of india (Listing obligations and Disclosure requirements) Regulation, 2015, as amended for the quarter and year ended as follows: Nine Months Ended Year ended Sr. No Particulars 31.12.2025 30.09.2025 31.12.2024 31.12.2025 31.12.2024 31.03.2025 Unudited Un Audited Un Audited Un Audited Un Audited Audited 1 Operating Margin (%)=operating profit/Revenue from operations (0.03) (0.18) 0.15 (0.08) (0.04) 0.01 2 Net profit Margin (%)=Net profit/Revenue from operations (0.09) (0.26) 0.01 (0.14) (0.13) (0.08) 3 Interest service coverage ratio (ISCR) (In times)=EBIT/ (Interest Expense on long term and short term borrowing for the quarter/year) 0.30 (1.26) 1.33 (0.67) 0.05 0.56 4 Debt service coverage ratio (DSCR) (In times)=EBITDA/(Interest expenses on long term and short term borrowings for the quarter/year+ schedule principal repayment of long term borriwings during the quarter/year) 0.14 (0.66) 1.62 (0.89) 0.10 0.82 5 Debtors turnover (in times) (not annualised for the quarter)=Revenue from operations/ Average accounts receivable 3.26 2.42 2.35 11.15 7.25 12.87 6 Inventory turnover (in times) (not annualised for the quarter)=cost of goods sold/Average inventory 0.02 (0.03) 0.09 (0.01) 0.06 0.17 7 Debt equity ratio =Debt (current and non current portion of long term borrowings+short term borrowings)/Net worth 1.46 1.23 1.16 1.46 1.16 1.39 8 Current ratio (in times)=current assets/current liabilities 0.88 0.88 1.10 0.88 1.10 0.92 9 Current liabilities ratio (in times)=current liabities/Total liabilities 0.60 0.40 0.61 0.60 0.78 0.68 10 Total debts to total assets (in times)=Debt (current and non current portion of long term borrowings+short term borrowings)/Total Assets 0.44 0.48 0.39 0.44 0.39 0.48 11 Long term debt to working capital (in times)=(current and non current portion of long term borrowings)/ (current assets-current liabilities) (4.89) (10.32) 5.23 (4.89) 5.23 (5.19) 12 Net worth (INR in Lakhs) 24,270.99 24,963.95 27,961.07 24,270.99 26,829.11 28,047.83 For and on behalf of the Board Place: Belagavi Nikhil Katti Date:12-02-2026 Managing Director



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Sugar 5,440.43 16,870.60
2 Co-generation 0.0091192 1,325.60
3 Distellary 1,237.06 7,615.26
4 IML 0.00 0.00
5 Vinegar Unit 0.0023892 0.0084195
6 Other 0.0002439 0.0003085
Total Segment Revenue 7,852.72 26,684.26
Less: Inter segment revenue
Revenue from operations 7,852.72 26,684.26
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Sugar (9,261.97) (9,728.16)
2 Co-generation 991.80 467.60
3 Distellary 8,198.09 6,517.53
4 IML 49.59 143.02
5 Vinegar Unit 264.70 771.81
6 Other 0.00 0.00
Total Profit before tax 242.21 (1,828.20)
i. Finance cost 407.55 1,536.27
ii. Other Unallocable Expenditure net off Unallocable income 505.99 412.38
Profit before tax (671.33) (3,776.85)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Sugar 31,457.87 31,457.87
2 Co-generation 6,044.25 6,044.25
3 Distellary 37,599.26 37,599.26
4 IML 330.93 330.93
5 Vinegar Unit 2,275.47 2,275.47
6 Other 0.00 0.00
Total Segment Asset 77,707.78 77,707.78
Un-allocable Assets 2,998.46 2,998.46
Net Segment Asset 80,706.24 80,706.24
4 Segment Liabilities
Segment Liabilities
1 Sugar 33,814.84 33,814.84
2 Co-generation 20.61 20.61
3 Distellary 15,147.32 15,147.32
4 IML 0.00 0.00
5 Vinegar Unit 100.87 100.87
6 Other 31,622.60 31,622.60
Total Segment Liabilities 80,706.24 80,706.24
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 80,706.24 80,706.24
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 0.00