Dwarikesh Sugar Industries Limited — PPTs, 11-02-2026: Investor Presentation

Dwarikesh Sugar's Q3 FY26 performance showed strong improvement, with revenue rising to ₹328.16 Cr and profit (PAT) to ₹15.44 Cr, and EPS at ₹0.83. This turnaround was fueled by the restart of crushing, stable distillery operations, and higher domestic sugar realizations. For the nine-month period, revenue grew to ₹982.36 Cr, mainly due to higher ethanol sales, but overall profit remained impacted by earlier weak quarters, resulting in a net loss of ₹26.57 Cr.

The company is actively focused on varietal replacement programs for sugarcane to boost yields. Management anticipates support from government policies like a potential increase in sugar's Minimum Selling Price and the ongoing ethanol blending program. Despite current challenges in the sugar season due to lower ratoon crop yields and an unexpected hike in UP sugarcane prices, the company expects to regain momentum in SS 2026-27 through continuous operational efficiency and cost controls. Its distilleries are running on B heavy molasses, contributing to the improving outlook.