Business Update15 Nov 2025, 04:44 pm
Sanstar Ltd. to Expand Capacity, Aims to Become India's #2 in Maize-Based Specialty Products
AI Summary
Sanstar Ltd. announced its unaudited Standalone financial results for the second quarter and half year ended on 30th September, 2025. The company reported revenues of Rs. 9,534 Mn and EBITDA of Rs. 560 Mn with a margin of 5.9%. Post expansion, the company's total capacity will reach 2,100 TPD, making it India's second largest exporter of maize-based products. The expansion will be carried out in two phases, with the Native Starch manufacturing plant to be commissioned in 3Q FY2026 and the Derivatives facility in 4Q FY2026. The company has allocated IPO proceeds of Rs. 1,816 million for the Dhule expansion.
Key Highlights
- Sanstar Ltd. to expand capacity to 2,100 TPD, aiming to become India's #2 in maize-based specialty products.
- The company reported revenues of Rs. 9,534 Mn and EBITDA of Rs. 560 Mn with a margin of 5.9% for H1 FY2026.
- The expansion will be carried out in two phases, with the Native Starch manufacturing plant to be commissioned in 3Q FY2026 and the Derivatives facility in 4Q FY2026.
- IPO proceeds of Rs. 1,816 million have been allocated for the Dhule expansion.
- Sanstar Ltd. is India's second largest exporter of maize-based products, with exports contributing 35%+ of revenues.