Dwarikesh Sugar Industries Limited — PPTs, 07-08-2025: Investor Presentation

Here is the financial summary:

**1. Financial Highlights:**

Q1 FY26 total income rose to ₹406 Cr (Q1 FY25: ₹341.8 Cr), with EBITDA at ₹4.4 Cr. A ₹9.4 Cr net loss stemmed from minimal crushing and under-absorbed overheads. However, revenue growth was driven by a robust 75% surge in ethanol sales volume and revenue, improving segment margins.

**2. Strategic Initiatives & Growth Drivers:**

The company targets operational improvement by 2025-26, phasing out Co 0238 sugarcane for resilient varieties and enhancing cane development. Expected ethanol price revisions, increased blending, and potential export quotas are key catalysts for anticipated growth.

**3. Business Developments:**

Q1 FY26 saw 4.6 lakh quintals of cane crushed, a recovery from nil last year. While 2024-25 crushing was severely hit by red rot/weather causing early plant closures, industrial alcohol sales and revenue notably surged 75% year-on-year.

**4. Market Position & Competitive Advantage:**

With three integrated plants in Uttar Pradesh, India’s largest sugar state, the company leverages strategic, fertile locations for raw material access and market connectivity. Its diversified operations across sugar, cogeneration, and ethanol provide a competitive edge.

**5. Investor Implications:**

Despite Q1 FY26 operational challenges from reduced crushing, strong ethanol performance and strategic cane development initiatives suggest positive growth potential. Investors should monitor new cane varieties, ethanol policy, and monsoon impacts for future profitability.