Dalmia Bharat Sugar and Industries Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Press Release on Financial Results for the quarter and half year ended September 30, 2025".
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Awaiting price reaction for this filing.
Dalmia Bharat Sugar reported Q2 FY26 revenue of Rs. 989 Cr, up 7% YoY, driven by higher sugar realisations and distillery growth. However, profitability took a sharp hit with Q2 PAT falling 56% YoY to Rs. 23 Cr and H1 PAT declining 42% YoY to Rs. 63 Cr, mainly due to higher sugarcane costs (FRP hike in Maharashtra), lower sugar recovery, and reduced ethanol allocation. The sugar segment EBIT fell 45% in Q2 to Rs. 19 Cr, while the distillery segment was a bright spot with Q2 EBIT jumping 77% to Rs. 21 Cr on higher grain-based volumes. The NCLT Chennai Bench also approved the demerger of the company's DMC and Govan Travel businesses into Dalmia Bharat Refractories, effective July 1, 2023.
The sharp fall in profits despite revenue growth signals significant margin pressure from rising sugarcane costs and regulatory headwinds (UP cane price hike, lower ethanol allocation), which could weigh on the stock in the short term. However, strong distillery growth and the demerger approval may provide some support for long-term value creation.