Gurugram, 14th November, 2025: Zuari Industries Limited (BSE: 500780, NSE: ZUARIIND) announced its unaudited financial results for the quarter ended September 30, 2025. On a standalone basis, the Company reported total Revenue of ₹248.1 crore for Q2 FY26 and ₹472.8 crore for H1 FY26. EBITDA stood at ₹52.5 crore for the quarter and ₹89.4 crore for the half year. Profit Before Tax (PBT), before exceptional items, was ₹18.6 crore in Q2 FY26 and ₹19.5 crore in H1 FY26.

On a consolidated basis, the Company reported total Revenue of ₹286.4 crore for Q2 FY26 and ₹554.1 crore for H1 FY26. Consolidated Profit After Tax (PAT) stood at ₹164.3 crore compared to ₹(14.8) crore in the corresponding quarter last year, while for H1 FY26, PAT stood at ₹163.8 crore compared to ₹(48.4) crore in the same period last year.

The Company continued to strengthen its operational and financial performance across all business segments during the quarter. The Sugar, Power & Ethanol (SPE) division delivered a steady performance in Q2, a period typically marked by seasonality in the sugar business. Crushing operations for the new season commenced in October 2025, earlier than the previous year, marking the earliest start in the division’s history. Ethanol production and realizations improved on the back of strong blending demand and sustained operational efficiency. The Company also reduced its average borrowing cost by 13 basis points Y-o-Y.

Zuari Infraworld India Ltd (ZIIL), the infrastructure subsidiary, reported an EBITDA of ₹48.1 crore, up 169% Y-o-Y. The St. Regis Residences, Dubai project reached 86% completion, with handovers expected by March 2026. The Development Management mandates in Hyderabad and Kolkata under the asset-light model continue to progress.

The Financial Services businesses continued to record steady growth. Zuari Finserv Ltd (ZFL) reported an EBITDA of ₹1.2 crore and is consistently focusing on expanding its product portfolio, strengthening brand visibility, and reinforcing a customer-first approach. Zuari Insurance Brokers Ltd (ZIBL) achieved an EBITDA of ₹2.9 crore, up 93% Y-o-Y, driven by higher policy renewals and new client acquisitions.

Simon India Ltd (SIL), the EPCM arm, is executing orders worth ₹144 crore and collaborating with research institutions in India and overseas. The company is also in discussions with leading global technology partners for future collaborations and continues to develop in-house AI solutions, reinforcing its focus on becoming a digital- first EPC company.

In the Bioenergy segment, the 180 KLPD bioethanol plant under Zuari Envien Bioenergy Pvt Ltd (ZEBPL) – a 50:50 joint venture between Zuari Industries Limited and Envien International, is scheduled for commissioning in Nov 25.

ZIL Standalone	Q2 FY26	Q2 FY25	H1 FY26	H1 FY25
Revenue from Operations (A)	204.5	207.4	414.8	421.9
Other income (B)	43.6	33.5	58.1	50.0
Total Income (C = A + B)	248.1	240.9	472.9	471.9
EBITDA (Operating) (D)	8.9	3.5	31.3	27.0
EBITDA (E)	52.5	37.1	89.4	77.0
Finance Cost (F)	27.6	30.6	57.2	63.5
Dep & Amort. (G)	6.3	6.1	12.7	12.0
PBT (Before Excep. Item) (H=E-F-G)	18.6	0.4	19.5	1.5

Commenting on the results, Mr. Athar Shahab, Managing Director, Zuari Industries Ltd, said:

“The second quarter typically serves as a transition phase for our Sugar, Power & Ethanol division as we prepare for the new crushing season. I am pleased to share that operations commenced in October 2025 – the earliest start in our history. Our operating margins have also improved year-on-year for both the quarter and half year, reflecting our continued focus on operational excellence, cost efficiency and improved sugar price realization. We continued to strengthen financial discipline through lower borrowing rates and reduced finance costs during the year.

Our Real Estate business continues to deliver strong performance, with the St. Regis Residences, Dubai project approaching completion. Simon India is steadily building its order pipeline while progressing on its digital transformation journey.

Our Financial Services business continues to expand its portfolio through customer-focused initiatives, while the 180 KLPD bioethanol project under our joint venture with Envien is set for commissioning in November 2025.

The Company remains focused on strengthening its core businesses, scaling new opportunities, and investing in sustainability and technology to drive long-term stakeholder value.”