Dhampur Sugar Mills Limited has informed the Exchange about Transcript
DHAMPURSUG · price
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Dhampur Sugar Mills reported FY25 revenue of INR 2,655 crores, up 0.41% YoY, but profit after tax fell sharply to INR 52.2 crores from INR 132.9 crores, hit by a 22% drop in sugarcane crushing (28.49 lakh tons) due to red rot disease and lower yields. Ethanol volumes dropped steeply (production down to 678 lakh liters from 1,190 lakh liters) following government restrictions on sugarcane syrup and B-heavy molasses as feedstock, dragging ethanol EBIT margins down to 3.8% from 15.3% last year. Q4 showed a recovery with revenue up 21% YoY to INR 809.7 crores and PBT exceeding prior year, which management described as 'green shoots.' The board also approved a small buyback of up to INR 20 crores. Power segment received a positive boost with UPERC raising tariffs by about INR 0.82/kg retrospectively from April 2024, which will bring arrears in FY26.
Near-term outlook remains challenging — management called reaching INR 150 crore net profit in FY26 'a bit of a stretch' and was non-committal on ethanol margin recovery, which could limit stock upside. However, the retrospective power tariff hike, full-year benefit of the new maize ethanol plant, and higher expected cane crush in FY26 provide some support. The INR 20 crore buyback is small but signals management confidence in fair value.