Dwarikesh Sugar Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
DWARKESH · price
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Dwarikesh Sugar Industries reported Q1 FY26 revenue from operations of Rs 40,546 lakhs, up about 18.8% from Rs 34,125 lakhs in the same quarter last year. The distillery segment grew strongly at around 77% YoY to Rs 13,366 lakhs, while sugar revenue rose about 14% to Rs 31,419 lakhs. The company posted a net loss of Rs 938 lakhs, slightly narrower than the Rs 973 lakh loss in Q1 FY25, with EPS at minus Rs 0.51 versus minus Rs 0.52 a year ago. The sugar segment loss widened to Rs 1,887 lakhs (from Rs 806 lakhs) but the distillery swung to a strong Rs 1,594 lakh profit (from Rs 292 lakhs). The auditor (Mittal Gupta & Co.) issued an unqualified limited review report, and management flagged that Q1 results are not representative of full-year performance due to the seasonal nature of the sugar industry.
Seasonal losses in Q1 are typical for sugar companies because the crushing season brings heavy raw material costs before sugar sales are booked, so investors should focus on full-year performance rather than this quarter. The strong growth in the higher-margin distillery business is a positive structural driver that may improve overall profitability once annualised.