| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 425.43 | 30.9% | 7.3% |
| Total Income | 426.74 | 30.0% | 7.0% |
| Expenditure | 345.04 | 14.5% | 7.1% |
| PBT | 81.70 | 204.9% | 6.8% |
| Net Profit | 57.41 | 271.9% | 23.9% |
| OPM | 20.35% | 8.77pp | 2.97pp |
| NPM | 13.45% | 8.75pp | 3.36pp |
| EPS | 3.10 | 273.5% | 24.0% |
Dwarikesh Sugar FY26 PAT at ₹30.84 Cr, Down YoY
14 May 2026 · 14 May, 5:11 pm
Summary
Dwarikesh Sugar Industries Ltd. announced mixed financial results for Q4 and the full fiscal year ended March 31, 2026. Profit After Tax (PAT) showed strong growth, increasing to ₹57.41 crore in Q4 FY26 and ₹30.84 crore for FY26. However, Total Income for Q4 FY26 decreased to ₹426.74 crore, although the full fiscal year saw a modest 3.21% increase to ₹1,409.09 crore. The company acknowledged that results were impacted by higher cane prices and underutilization of plant capacity, despite some improvements in sugar recovery and sales realization. Management projects that sugar prices are expected to remain firm in the upcoming period.
Key Highlights
- 1
Dwarikesh Sugar Industries Ltd. reported a Profit After Tax (PAT) of ₹57.41 crore in Q4 FY26, a 23.92% increase from ₹46.33 crore in Q4 FY25.
- 2
For the full fiscal year FY26, the company's Profit After Tax (PAT) rose by 32.13% to ₹30.84 crore, up from ₹23.34 crore in FY25.
- 3
Total Income for Q4 FY26 stood at ₹426.74 crore, reflecting a 7.04% decline from ₹459.07 crore in the corresponding quarter of the previous year.
- 4
Annual Total Income for FY26 increased by 3.21% to ₹1,409.09 crore compared to ₹1,365.32 crore in FY25.
- 5
Sugar sales volume in Q4 FY26 increased to 6.36 lakh quintals from 5.79 lakh quintals in Q4 FY25, with average realization improving to ₹3,987 per quintal.
- 6
Industrial alcohol sales volumes declined by approximately 29% in Q4 FY26 and 8% for the full year FY26, attributed to sluggish off-take by Oil Marketing Companies.
- 7
The company's results were impacted by an increase in the State Advised Price (SAP) for sugarcane by ₹30 per quintal and lower cane availability, which led to sub-optimal plant capacity utilization.
Management Comments
Vijay S. Banka
According to the latest estimates published by the Indian Sugar & Bio-energy Manufacturers Association (ISMA), gross sugar production for the 2025–26 season is projected at approximately 31.2 million tons. With an expected diversion of around 3 million tons for ethanol production, net sugar production is estimated at 28.2 million tons. Sugar prices were hovering around Rs. 4,000 per quintal. Going forward, sugar prices are expected to remain firm.
Informational and educational content only. Not investment advice.