Dalmia Bharat Sugar and Industries Limited has informed the Exchange about change in Management
DALMIASUG · price
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Awaiting price reaction for this filing.
Dalmia Bharat Sugar reported Q1 FY26 revenue of Rs 942.87 crore, down from Rs 1,017.87 crore in the previous quarter and Rs 960.26 crore a year ago, with net profit falling to Rs 38.37 crore from Rs 54.73 crore in Q1 FY25. The board appointed Sanjeev Raghunathrao Desai (35 years of sugar industry experience) as Unit Head of the Ninaidevi Unit for two years, categorised as Senior Management Personnel. Birla Tyres Limited, part of the promoter group, was reclassified as a public category entity after it became a wholly-owned subsidiary of Himadri Specialty Chemical Ltd; it held no shares in the company. The company's long-term credit rating was upgraded to CARE AA+ (Stable) with short-term rating reaffirmed at CARE A1+.
Q1 profit dipped nearly 30% year-on-year due to higher raw material costs, but the credit rating upgrade and clean-up of the promoter group shareholding pattern are positive signals. A pending Rs 21.10 crore UP excise fee demand is being contested, with interim relief obtained from the Allahabad High Court. Overall, the filing is largely neutral to slightly positive for shareholders.