Magadh Sugar & Energy Ltd. · NSE:MAGADSUGAR
Magadh Sugar & Energy — Q2 FY27 Earnings Presentation
23 slides from Magadh Sugar & Energy's earnings presentation, Nov 6, 2026
Slide 1: Stock exchange cover letter under Regulation 30
MSEL/SE/2026-27/42 November 6, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Ltd. ‘Exchange Plaza’, C - 1, Block G, 1st Floor, New Trading Ring, Bandra-Kurla Complex, Rotunda Building Bandra (E), P.J. Towers, Dalal Street, Fort Mumbai
Slide 2: Building Around Our Core
Building Around Our Core Investor Presentation | Q2 & H1 FY27
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared Magadh Sugar & Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Table of Contents
Table of Contents Company Business Financial Overview Updates Updates 3
Slide 5: Company Overview
ill COMPANY OVERVIEW
Slide 6: At a Glance: Integrated Sugar, Ethanol and Power
Avadh at a Glance : Integrated Sugar, Ethanol and Power in UP 21,500 155 38 MW TCD crushing capacity KLPD distillery (B-heavy) Co-generation Unit Region Sugar TCD KLPD SS 25-26 crush (lakh qtl) Narkatiaganj Paschim Champaran, Bihar 10,000 80 99.78 Sidhwalia Gopalganj, Bihar 5,000 75 44.51 Hasanpur S
Slide 7: Shareholders Information
Shareholders Information As on 30 September 2026 Shareholder Information Shareholding Pattern BSE Ticker 540650 Others (including NRIs) 9% NSE Symbol MAGADHSUGAR Individual / HUF Market Cap (Rs Cr) 748 30% Free-float (%) 39% Promoters 61% Free Float Market Cap (Rs Cr) 291 Shares Outstanding (Cr) 1.4
Slide 8: Business Updates
BUSINESS UPDATES
Slide 9: A Strong Balance Sheet, Ready for Growth
A Strong Balance Sheet, Ready for Growth 01 02 03 04 Lower Financial Risk Growth Headroom Credit Strength Shareholder Returns Moving faster towards net Capacity to fund expansion Robust credit profile Flexibility to sustain or debt-free position reduces and capex without equity supports better borro
Slide 10: Financial Snapshot
Financial Snapshot Total Income (Rs Cr) EBITDA (Rs Cr) • Total Income: Total Income declined by 11% in Q2FY27 and 9% in H1FY27, primarily due to lower sales volumes 659 of sugar and ethanol. Sugar sales volume decreased by 602 22 9% in Q2FY27 and 8% in H1FY27, while ethanol sales 17 325 15 volume de
Slide 11: Segment Overview
Segment Overview Particular Co-gen Sugar Distillery 518 544 164 114 0.58 Revenue* 242 244 92 (Rs Cr) 52 0.27 Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY27 Q2FY26 H1FY27 H1FY26 14 17 EBIT 4 (Rs Cr) 7 5 -3 -3 -1 -5 -5 -5 -1 Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY2
Slide 12: Sugar Segment Overview
Sugar Segment Overview Sugar Operational Metrics Sugar Sold (Lac Qtls.) Sugar Inventory (Lac Qtls.) & its Valuation (Rs./Qtls.) 3705 3580 11.95 11.01 3.71 2.77 5.10 5.61 Q2FY27 Q2FY26 H1FY27 H1FY26 Sep-26 Sep-25 11
Slide 13: Sugar Sector - Policy dashboard
Sugar Sector - Policy dashboard Lever Present Status Read-across for Magadh Cane FRP 2026-27 Rs 365/qtl at 10.25% recovery (+Rs 10) Cost floor up Bihar SAP 2026-27 Not announced; last year Rs 390 / Rs 370 (Early / General Variety) Biggest cost swing; farmers demanding higher prices Sugar MSP Rs 31/k
Slide 14: India: Sugar Outlook
India: Sugar Outlook ~3.66 MMT 3 MMT ~26 MMT opening stock on 1 Oct 2026, among the lowest October sale quota (1.4 + 1.6 MMT) ISMA forecast : Production for SS 2026-27, It was in a decade (~5 MT a year earlier) ~27.95 MMT (net of diversion) in SS 2025-26 New-season sugar is arriving slowly: ~123 Mah
Slide 15: Global: 2026/27 deficit forecasts keep widening
Global: 2026/27 deficit forecasts keep widening 2026/27 world sugar deficit forecasts ISO (Sep) 0.2 MT Covrig (Aug) 0.3 MT StoneX (Sep) 0.9 MT Green Pool (Oct) 6.28 MT India alone is seen 1.33 MT short, its widest gap in three years. 21.3¢ raw sugar 19-month high in mid-Oct; 20.24¢/lb on 23 Oct, ~35
Slide 16: Distillery Segment Overview
Distillery Segment Overview Operational Metrics Ethanol Produced (Lac Ltrs.) Ethanol Sold (Lac Ltrs.) Ethanol Inventory (Lac Ltrs.) 194 246 26 150 182 21 136 80 77 29 Q2FY27 Q2FY26 H1FY27 H1FY26 Q2FY27 Q2FY26 H1FY27 H1FY26 Sep-26 Sep-25 15
Slide 17: Ethanol Policy: ESY 2026-27 shifts to grain
Ethanol Policy: ESY 2026-27 shifts to grain OMC tender (16 Oct 2026) for ~11 bn liters, Nov 2026–Oct 2027 – with zero sugar diversion Allowed feedstocks Excluded feedstocks Price changes • Maize • Cane juice / sugar syrup • Maize ethanol: Rs 71.86 → Rs 68.86/l • Broken rice & FCI surplus rice • B-he
Slide 18: Ethanol Policy: ESY 2026-27 shifts to grain
Ethanol Policy: ESY 2026-27 shifts to grain 19.99% Strongest growth lever: Ethanol diversion, higher blending targets and policy support continue to improve revenue stability and reduce cyclicality. Average ethanol blending achieved in ESY 2025-26 Monthly blending reached 20% in September 2026, on c
Slide 19: Financial Updates
FINANCIAL UPDATES
Slide 20: Profit & Loss Highlights
Profit & Loss Highlights Particulars (Rs Cr) Q2 FY27E Q2 FY26 YoY H1 FY27E H1 FY26 YoY Total Income 290 325 -10.8% 602 659 -8.6% EBITDA 15 2 +650% 17 22 -22.7% EBITDA Margin 5.2% 0.6% +460 bps 2.8% 3.3% -50 bps Interest 7 8 17 20 Depreciation 7 8 15 15 PAT 1 -10 Turnaround -11 -10 -10% EPS (Rs) (not
Slide 21: Balance Sheet: Debt and Inventory Position
Balance Sheet: Debt and Inventory Position Rs 176 Cr Debt (Rs Cr) Inventory at 30 Sep 2026 (Sugar Rs 103 Cr; Molasses / Ethanol / other Rs 73 Cr) vs Rs 196 Cr a year earlier 691 420 7.38% / 6.94% Q2FY27 average cost of long-term / short-term borrowings 328 339 125 114 271 Dec-26E 203 225 Working Cap
Slide 22: Cash Flow Highlights
Cash Flow Highlights Particulars (Rs Cr) H1FY27 H1FY26 Net Cash Generated from Operating Activities 450.94 458.91 Cash Used in Investing Activities (63.47) (40.44) Cash Used in Financing Activities (387.47) (418.46) Net Decrease in Cash and Cash Equivalents 0.00 0.01 Cash and Cash Equivalents at the
Slide 23: Contact Us
Contact Us Mr. Dilip Patodia dilip.patodia@birla-sugar.com 9/1, R.N. Mukherjee Road, Kolkata Mr. Suyash Samant / Mr. Sharu Garg suyash@stellar-ir.com / sharu@stellar-ir.com A-405, Kanakia Wallstreet, Andheri (East), Mumbai
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