Davangere Sugar Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
DAVANGERE · price
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Davangere Sugar Company reported revenue from operations of Rs. 23,877.26 Lacs for FY 2025-26, up 11% from Rs. 21,498.53 Lacs in the previous year. However, net profit declined to Rs. 850.66 Lacs from Rs. 1,093.71 Lacs in FY 2024-25, a drop of about 22%. EPS halved to Rs. 0.06 from Rs. 0.12. The auditors gave a clean opinion with no qualifications. A major red flag is the operating cash flow which turned significantly negative at Rs. -7,073.78 Lacs (vs Rs. -3,013.21 Lacs last year), primarily due to a sharp Rs. 6,592 Lacs increase in inventories. Sugar segment revenue nearly doubled to Rs. 9,888.98 Lacs while distillery revenue fell to Rs. 13,174.31 Lacs from Rs. 15,039.18 Lacs.
While revenue grew, the sharp profit decline and deeply negative operating cash flow are concerning. Shareholders should monitor liquidity as inventory buildup (likely seasonal sugar stocks) is straining cash position despite some debt reduction.