Dhampur Sugar Q1: consolidated PAT up to ₹6.1 Cr YoY on sugar segment turnaround
PAT +569.23% YoY · revenue +6.14% · margins expanding
₹786.17 Cr
+6.14% YoY
₹6.09 Cr
+569.23% YoY
0.77%
+0.7pp YoY
₹0.94
Dhampur Sugar Mills' consolidated revenue for Q1 FY27 (quarter ended June 30, 2026) came in at ₹786.17 Cr, up 6.1% YoY (₹740.68 Cr) and 14.4% QoQ (₹687.35 Cr). Consolidated PAT was ₹6.09 Cr, up sharply from ₹0.91 Cr a year ago (+569%) but down 86.7% from ₹45.70 Cr in Q4 FY26. NPM improved to 0.77% from 0.12% YoY and OPM to 3.98% from 3.08%, but both are down steeply from Q4's 6.58%/12.37% — the filing itself flags sugar as a seasonal business, and Q4 (Jan-Mar) captures the peak crushing and power/cogeneration season, so the QoQ margin compression is a seasonality artifact rather than a deterioration.
Q1 FY-2027 vs prior quarters
The YoY PAT jump was driven almost entirely by the Sugar segment, whose PBT swung to ₹7.52 Cr from a ₹3.11 Cr loss a year ago on 12.2% higher segment revenue (₹409.61 Cr). Chemicals PBT nearly tripled to ₹4.72 Cr (segment revenue +36.3%), and Ethanol PBT rose to ₹10.68 Cr from ₹8.76 Cr despite 14% lower segment revenue, pointing to better realisations/mix. These gains were partly offset by Power, where PBT fell to ₹0.90 Cr from ₹5.48 Cr as segment revenue dropped 31.6% YoY with the crushing/cogen season having ended ahead of the quarter. Even after the swing, group NPM/OPM remain under 4% — this is a recovery from a near-breakeven print, not a strong quarter in absolute terms.
The stock went into the print at ₹135.48, down 4.5% over the past month of trading.
No prior management guidance or concall commentary is on record for this company, and a web search turned up no analyst consensus or brokerage preview specific to Dhampur Sugar Mills' Q1 FY27 print (only coverage of Dhampur Bio Organics, a separate group entity, surfaced) — so both vsGuidance and vsStreet are unknown here, and no management press release accompanying this filing was available for this analysis. Standalone PAT was ₹5.31 Cr (EPS ₹0.83) against consolidated ₹6.09 Cr (EPS ₹0.94); the ₹0.78 Cr gap is subsidiaries E-HAAT (₹0.66 Cr PAT) and DETS (₹0.12 Cr PAT) per the auditors' review report, both profitable, so standalone and consolidated tell the same story.
W1
Sugar segment profitability sustaining outside the Q4 power-season tailwind — Q1 PBT was ₹7.52 Cr vs a ₹3.11 Cr loss a year ago
W2
Finance costs (₹15.82 Cr this quarter) trend after the ₹100 Cr commercial paper redemption on July 30, 2026
W3
Power segment re-ramp with the FY27 crushing season (from Q3) after PBT fell to ₹0.90 Cr this quarter from ₹5.48 Cr YoY
Column 30-Jun-26 is unaudited (limited review), confirmed via board outcome letter; 31-Mar-26 quarter column is the audited balancing figure per Note 2, not current-period data. Consolidated PAT ₹6.09 Cr includes ₹0.06 Cr non-controlling interest (owners' share ₹6.03 Cr); no exceptional items in any period shown.