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Dwarikesh Sugar Industries Limited Q4 FY26 results deck summary

NSE: DWARKESH · BSE: 532610

Results deck of 14 May 2026, summarised by AI from the filing.

Q4 FY26 PAT rose to ₹574.1 mn (Q4 FY25: ₹463.3 mn) on new tax regime, while FY26 sugar production increased 13% to 23.73 lakh quintals.

Key takeaways

Q4 PAT Q4 FY26 PAT was ₹574.1 mn (Q4 FY25: ₹463.3 mn), with total income at ₹4,267.4 mn (Q4 FY25: ₹4,590.7 mn).
Guidance No specific forward guidance was provided; management expects sugar prices to rebound and cane development to yield results.
Change FY26 sugar production rose 13% year-on-year to 23.73 lakh quintals, while total crushing decreased 8% to 243.21 lakh quintals.
Driver PAT increased due to transition to the new tax regime, which led to a lower effective tax rate and reduced tax provision.
Risk Lower cane availability and higher SAP led to sub-optimal plant utilization; ethanol off-take by OMCs remained weak.

Original filing on BSE

Dwarikesh Sugar Industries Limited Q1 FY27 results

As filed: Revenue ₹358 cr (−12% year on year), EBITDA −₹25.7 cr (−300% year on year), PAT −₹25.7 cr, EBITDA margin -7.2% (−792 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

Q4 FY26: Revenue ₹425 cr (−7% year on year), EBITDA ₹86.6 cr (−20% year on year), PAT ₹57.4 cr (+25% year on year), EBITDA margin 20.4% (−318 bps). Score 47 of 100, In line with trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin fell 318 bps year on year. Share price after the results: +0.6% in 29 days (Nifty 500: −0.1%).
Q3 FY26: Revenue ₹325 cr (+4% year on year), EBITDA ₹37.6 cr (+39% year on year), PAT ₹15.4 cr (+40% year on year), EBITDA margin 11.6% (+295 bps). Score 73 of 100, Above trend. Revenue and profit growth were in line with the company's own trend; EBITDA growth was above it. EBITDA margin rose 295 bps year on year. Tax rate 42%. Revenue grew on the previous quarter, against its usual seasonal pattern. Profit rose ₹4.4 cr on a year ago, more than the ₹1.0 cr it added the year before. Share price after the results: +1.8% in 30 days (Nifty 500: −9.9%).
Q2 FY26: Revenue ₹246 cr (0% year on year), EBITDA −₹41.0 cr, PAT −₹33.0 cr, EBITDA margin -16.7% (−732 bps). Score 15 of 100, Below trend. Revenue growth was in line with the company's own trend. EBITDA margin fell 732 bps year on year. Revenue fell 39% from last quarter. Share price after the results: −8.6% in 28 days (Nifty 500: +0.4%).
Q1 FY26: Revenue ₹405 cr (+19% year on year), EBITDA ₹3.0 cr (+50% year on year), PAT −₹9.0 cr, EBITDA margin 0.7% (+15 bps). Score 45 of 100, In line with trend. Revenue and EBITDA growth were above the company's own trend. EBITDA margin rose 15 bps year on year. Revenue fell 12% from last quarter. Share price after the results: +8.2% in 29 days (Nifty 500: +0.7%).
Q4 FY25: Revenue ₹459 cr (+21% year on year), EBITDA ₹108 cr (+46% year on year), PAT ₹46.0 cr (+100% year on year), EBITDA margin 23.5% (+406 bps). Score 75 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 406 bps year on year. Tax rate 48%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −5.5% in 29 days (Nifty 500: +2.0%).
Q3 FY25: Revenue ₹313 cr (0% year on year), EBITDA ₹27.0 cr (+4% year on year), PAT ₹11.0 cr (+10% year on year), EBITDA margin 8.6% (+32 bps). Score 53 of 100, In line with trend. Revenue, EBITDA and profit growth were in line with the company's own trend. EBITDA margin rose 32 bps year on year.
Q2 FY25: Revenue ₹246 cr (−45% year on year), EBITDA −₹23.0 cr (−179% year on year), PAT −₹24.0 cr (−300% year on year), EBITDA margin -9.4% (−1,000 bps). Score 0 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 28% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Dwarikesh Sugar Industries Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.