Bannari Amman Sugars Limited posted a sharp rise in net profit for the financial year ended March 31, 2026, driven by an improvement in sugar segment profitability and a lower tax charge following the company's switch to a new tax regime, according to its exchange filing.
The board of directors of the Coimbatore-based company met on May 27, 2026, and approved the audited financial results for the quarter and full year ended March 31, 2026. The statutory auditor, M/s P N Raghavendra Rao & Co., Chartered Accountants, issued an unmodified opinion on the results.
Revenue from operations for the full year rose to Rs 1,916.67 crore from Rs 1,792.97 crore in 2024-25, a year-on-year increase of around 7 per cent. Net profit for the year climbed to Rs 147.92 crore from Rs 104.67 crore in the previous year, reflecting a gain of approximately 41 per cent. The company's basic and diluted earnings per share for the year stood at Rs 117.96, compared with Rs 83.47 a year earlier.
Among segments, the sugar business led the improvement, with its pre-tax and pre-finance cost segment result more than doubling to Rs 95.72 crore in 2025-26 from Rs 43.61 crore in the previous year. The power and distillery segments, however, reported lower results year on year, while the granite products segment recorded a loss for the period.
The company noted that it has adopted the new tax regime under Section 115BAA of the Income Tax Act, 1961. Old tax regime rates had been applied through the third quarter and were reversed in the fourth quarter in conformity with the new regime, affecting the full-year tax computation. Total tax expenses for the year fell to Rs 29.55 crore from Rs 57.59 crore in 2024-25.
The board also recommended a dividend of Rs 12.50 per equity share of Rs 10 each, equivalent to 125 per cent, for 2025-26, subject to shareholder approval at the 42nd Annual General Meeting scheduled for September 23, 2026. The record date for the dividend is September 16, 2026.
On the expansion front, the company is in the process of expanding the crushing capacity of its sugar unit at Alaganchi Village in Nanjangudu taluk, Mysore District, Karnataka, from 7,500 tonnes crushed per day (TCD) to 10,000 TCD. The company is also evaluating ethanol production at its existing distillery units, the filing stated.
The board reappointed M/s Nandakumar & Sundaran and M/s BM & Associates, both Chartered Accountants, as internal auditors for 2026-27. Sri M Nagarajan, Cost Accountant, was reappointed as cost auditor for the same period.