Dwarikesh Sugar Industries Limited — PPTs, 22-05-2025: Investor Presentation

1. Financial Highlights:

Dwarikesh Sugar Industries posted total income of ₹459.1 Cr in Q4 FY25 and ₹1,365.3 Cr for FY25. Q4 EBITDA rose to ₹107.2 Cr (23.4% margin) from ₹75.3 Cr last year, while PAT improved to ₹46.3 Cr (10.1% margin) versus ₹22.9 Cr. Annual EBITDA and PAT stood at ₹119.9 Cr and ₹23.3 Cr, respectively, with better margins despite 28% lower crushing volumes (26.3 million quintals). Ethanol production declined to 55 million liters but showed Q4 recovery. Cost controls and higher sugar prices supported profits.

2. Strategic Initiatives & Growth Drivers:

Focus is on promoting resilient sugarcane varieties to improve yields and crushing volumes by 2025-26. Resumption of ethanol blending and export permissions boost growth potential. Operational upgrades enable diversified feedstock use in distilleries, enhancing ethanol capacity. Emphasis on agronomy and cane development strengthens raw material security.

3. Business Developments:

No new acquisitions or partnerships. Distillery operated at full capacity using cane juice, syrup, and molasses to maximize ethanol output despite reduced cane supply.

4. Market Position & Competitive Advantage:

All plants are located in Uttar Pradesh, India’s top sugar-producing state, supporting supply and market access. Strong cogeneration capacity (~94 MW total; ~54 MW surplus) adds diversification. Integrated sugar-ethanol-power setup offers operational leverage and cost advantages.

5. Investor Implications:

Q4 margin recovery and strategic focus on varietal improvement and ethanol blending signal positive growth potential. Execution risks from cane availability and weather persist but are mitigated by ongoing measures. Favorable sugar prices and export opportunities support outlook for sustained profitability.