Sayaji Industries Posts Robust Earnings Growth in Q3FY26 with 1,254% QoQ and 98% YoY EBITDA Increase

Sayaji Industries Limited, a leading corn wet milling and speciality ingredients group in India, has announced its financial results for the quarter and nine months ended 31 December 2025. The company reported a significant increase in EBITDA for both the quarter and nine-month period, driven by favourable input costs, improved realisation of by-products, operational efficiencies and energy expenses normalisation. Maize processing operations continued to run at optimum capacity, and a sharp correction in maize prices due to government policy adjustments in the ethanol blending programme contributed to the profitability. Energy costs have come down and are expected to remain low, creating a supportive demand environment. The industry appears to be emerging from a prolonged downturn with strong operational discipline, favourable cost tailwinds and a robust demand outlook.