Bajaj Hindusthan Sugar Ltd posted a consolidated net loss of ₹121 crore for the second quarter, deepening from a ₹105 crore shortfall recorded in the corresponding period last year.
Revenue tumbled.
Topline receipts from operations contracted 16.3% year-on-year to ₹968.4 crore, down from ₹1,157 crore during the previous fiscal year's second quarter. Yet operational bleeding showed faint signs of easing at the core level. Earnings before interest, tax, depreciation, and amortisation (EBITDA) printed an operating loss of ₹43 crore, trimming the ₹54 crore loss logged during the same three-month window twelve months prior.
On the Bombay Stock Exchange, the market reacted with persistent selling. Bajaj Hindusthan shares dropped ₹0.35, or 1.86%, to settle at ₹18.47.
| Financial & Operational Metric | Q2 Current Year | Q2 Year-Ago Period | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹968.4 crore | ₹1,157.0 crore | -16.3% |
| Consolidated Net Loss | ₹121.0 crore | ₹105.0 crore | Loss widened 15.2% |
| Operating EBITDA Loss | ₹43.0 crore | ₹54.0 crore | Loss narrowed 20.4% |
| Crushing Capacity (UP Total) | 136,000 TCD | 136,000 TCD | Unchanged |
| BSE Closing Price | ₹18.47 | — | -1.86% |
Alongside the quarterly earnings release, the company's board cleared a clean exit from Southeast Asia.
Directors signed off on selling the company's entire 100% equity stake in its wholly owned offshore arm, Bajaj Hindusthan Sugar Private Limited, for a consideration of $6.26 million, according to regulatory filings submitted to stock exchanges. The purchasing entity is Dubai-based Altaqat Management Consultancies Co LLC, acting as the lead partner in a consortium alongside Dejavu FZ LLC.
The transaction severs ties across multiple jurisdictions. Once completed, the Singapore unit will cease to be a company subsidiary. That exit also strips away two step-down Indonesian subsidiaries under its fold: PT Jangkar Prima and PT Batu Bumi Persada.
Regulatory filings show the Singapore entity had turned into a non-yielding asset on the corporate ledger. As of March 31, 2026, the subsidiary held a net worth of ₹81.11 crore—equivalent to 2.13% of the parent company's consolidated net worth. It generated zero revenue, zero turnover, and zero operational income across the entire prior financial year.
Market Context: The divestment unclutters the balance sheet by eliminating dormant foreign shell operations without denting top-line cash flow, freeing management to focus domestic capital on core crushing runs.
The board confirmed that the buyers hold no promoter or promoter group affiliations, ensuring the overseas transaction sits outside related-party statutory constraints. Formal documentation will roll out immediately.
The board has authorised the execution of the Share Purchase Agreement and other definitive documents, along with the necessary steps to complete the transaction.
Both parties must secure standard statutory clearances to close the deal within a strict 180-day deadline.
Bajaj Hindusthan's domestic industrial base remains anchored entirely in northern India. The mill operator runs 14 manufacturing facilities across Uttar Pradesh with an aggregate cane-crushing capacity of 136,000 tonnes crushed per day (TCD). Market watchers and creditors now track whether the upcoming domestic sugar season and ethanol allocation rounds can lift processing volumes enough to erase lingering quarterly losses.