Sanstar Ltd Q4 FY26 Results

Summary

Sanstar Limited announced its financial results for the fourth quarter and full year ended March 31, 2026. For FY26, the company reported a revenue of Rs. 7,846 Mn, which was a (17.7)% year-on-year decline, alongside an EBITDA of Rs. 377 Mn with a 4.8% margin, and a PAT of Rs. 345 Mn with a 4.4% margin. In Q4 FY26, revenue reached Rs. 2,168 Mn, marking a 7.4% quarter-on-quarter growth, while EBITDA improved to Rs. 194 Mn with an 8.9% margin. The company is strategically expanding its capacity, funded by Rs. 1,816 million from IPO proceeds, to increase total capacity to 2,350 TPD, despite facing short-term pricing pressure in native starch due to Chinese exports. Exports remain a significant revenue driver, contributing 34% to total revenues and solidifying its position as India’s 2nd largest product exporter.

Key Highlights

1. 1

   FY26 revenue reached Rs. 7,846 Mn, reflecting a (17.7)% year-on-year decrease.

2. 2

   Q4 FY26 revenue was Rs. 2,168 Mn, showing a 7.4% quarter-on-quarter increase.

3. 3

   The company's EBITDA for FY26 stood at Rs. 377 Mn, achieving a margin of 4.8%.

4. 4

   Profit After Tax (PAT) for FY26 was Rs. 345 Mn, with a corresponding PAT margin of 4.4%.

5. 5

   Q4 FY26 EBITDA improved to Rs. 194 Mn, yielding an 8.9% margin.

6. 6

   Sanstar Limited is undertaking a significant capacity expansion, funded by IPO proceeds of Rs. 1,816 million, which will increase total capacity from 1,100 TPD to 2,350 TPD.

7. 7

   Exports contributed 34% to the total revenues and positioned the company as India's 2nd largest product exporter, serving 34 countries.