Sanstar Limited has informed the Exchange regarding a press release dated August 18, 2025, titled "Press Release titled "Unaudited financial results (standalone and consolidated) for the quarter and three months ended on 30th June 2025".
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Sanstar Limited reported a sharp decline in Q1 FY26 performance, with revenue from operations falling 44.2% year-on-year to Rs. 1,689 Million from Rs. 3,027 Million. The company slipped into negative territory at the operating level, posting an EBITDA loss of Rs. 17 Million (margin of -1.0%) compared to a profit of Rs. 274 Million (margin of 9.1%) in Q1 FY25. Profit after tax turned negative at Rs. 3 Million versus Rs. 165 Million last year. Management attributed the weak results to a 24-day scheduled maintenance shutdown across both plants, which halted production for nearly a month, combined with pricing pressure in the native starch segment driven by cheaper Chinese exports.
Near-term performance is weak and shareholders should expect continued pressure on margins until the maintenance backlog clears and Chinese export pressure eases. However, the company remains optimistic about a recovery, supported by a major capacity expansion at the Dhule plant (from 750 TPD to 1,750 TPD, with native starch commissioning in December 2025) that will make it the single largest maize processing facility at one location in India, potentially driving a strong rebound in subsequent quarters.