DWARKESH · price
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Dwarikesh Sugar Industries held its Board meeting on May 14, 2026, approving audited financial results for Q4 and FY2026 ended March 31, 2026. Total income stood at ₹1,40,909.32 Lakhs, with Net Profit After Tax of ₹5,740.95 Lakhs, a significant jump from ₹1,543.50 Lakhs in FY2025 (271% increase). Basic and Diluted EPS came in at ₹3.10 per share. Segment-wise, Sugar contributed ₹1,27,726.06 Lakhs while Distillery added ₹34,245.03 Lakhs to revenues. The Board recommended a dividend of ₹0.10 per equity share (10% on face value of ₹1). The 32nd AGM is scheduled for August 6, 2026, with record date July 30, 2026 for dividend eligibility. Key appointments include Cost Auditor (M/s Ramanath Iyer & Co.) and Internal Auditor (M/s S.S. Kothari Mehta & Company) for FY2026-27, and reappointment of Mr. Gautam R Morarka as Executive Chairman for 5 years from January 1, 2027. Total assets stood at ₹1,29,770.72 Lakhs with equity of ₹82,871.40 Lakhs. The auditors issued an unmodified (clean) opinion.
The sharp rise in net profit and clean audit opinion signal improved operational performance. The modest 10% dividend provides modest shareholder returns. Leadership continuity through executive reappointment supports stability. The significant reduction in cash reserves (from ₹8,201.92 Lakhs to ₹1,308.64 Lakhs) warrants monitoring.