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Earnings Call

Dwarikesh Sugar Industries Earnings Call: Key Takeaways

Dwarikesh Sugar reported FY26 total income of ₹14,090.9M and PAT of ₹308.4M. Performance was impacted by lower cane availability and higher State Advised Prices, partially offset by improved sugar recovery and realizations.

Why this was an Alfa AlertNot a filter event. Performance was in line with sector headwinds and no specific prior numerical guidance was beaten by >5%.
Highlights
Revenue growthFY26: 3.2% YoY growth to ₹14,019.4M.
MarginsEBITDA margin contracted from 8.8% in FY25 to 6.7% in FY26.
Demand visibilityStrong domestic sugar prices expected due to tightening balance sheet.
Management confidenceConfident that cane development initiatives will yield positive results.

Growth

FY26 revenue grew 3.2% YoY; PAT increased 32.1% YoY primarily due to transition to a new tax regime and lower tax provisions.

Outlook

Expects firmer sugar prices and tangible results from extensive cane development initiatives to regain growth momentum.

Risks

Lower cane yields due to excessive rainfall; diversion of cane to jaggery units; higher SAP increasing cost pressures.

Source

Earnings Call filed with NSE, NSE: DWARKESH. Summary written with AI assistance from the document.

Read the document ↗

Dwarikesh Sugar Industries Ltd: key numbers

Share price
₹45.01
Market cap
₹834.0 Cr
Revenue (annual)
₹1,402 Cr
Net profit (annual)
₹30.84 Cr
P/E (TTM)
57.6×Sector 29.0×
Promoter holding
42.14%+0.00% QoQ
FII holding
1.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Credit Rating

Dwarikesh Sugar Industries Credit Rating

ICRA withdrew Dwarikesh Sugar's A1 rating on its ₹300 crore Commercial Paper at the company's request. Long-term A+ (Stable) ratings on ₹600 crore facilities were re-affirmed.