Sukhjit Starch & Chemicals Limited has informed the Exchange about Transcript
SUKHJITS · price
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Sukhjit Starch & Chemicals reported FY25 revenue of INR 1,486 crores, up 8.41% from INR 1,370 crores in FY24, with EBITDA of INR 110 crores (margin 7.39%) and net profit of INR 39.48 crores. Q4 was weak with revenue of INR 359 crores, EBITDA of just INR 17.43 crores (margin 4.85%), and net profit of INR 2.4 crores. Management attributed margin pressure to a roughly 10% drop in starch prices driven by export disruption from global tariff changes, combined with elevated maize costs. The company has nearly zero long-term debt (debt-equity ratio of 0.15) and announced a stock split from INR 10 to INR 5 face value. Management guided for margin improvement in H2 FY26 on the back of softening maize prices from the rabi harvest and the government's rice-for-ethanol policy. Capacity is expanding from 1,600 TPD to 2,000 TPD at 75-80% utilization, with the new 400-ton line expected to contribute meaningfully from Q3 FY26.
Q4 results were disappointing with sharply compressed margins, but the strong balance sheet (near-zero long-term debt) and management's confidence in H2 FY26 margin recovery on easing raw material costs may support the stock. Investors should watch for the rabi maize harvest and a rebound in starch prices as the key triggers for earnings recovery in 2H FY26.