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Dwarikesh Sugar Industries Limited Q2 FY27 results deck summary

NSE: DWARKESH · BSE: 532610

Results deck of 29 Oct 2026, summarised by AI from the filing.

Q2 FY27 loss narrowed to ₹-131.2 mn from ₹-326.2 mn on higher sugar realizations of ₹4,530 per quintal, with no crushing in the quarter.

Key takeaways

Q2 loss narrows Q2 FY27 PAT was ₹-131.2 mn (Q2 FY26: ₹-326.2 mn) and EBIDTA ₹-90.5 mn (Q2 FY26: ₹-389.5 mn), helped by higher sugar realizations.
No numeric guidance The deck gives no numeric guidance; it only says it expects improved crushing volumes in SS 2026-27 despite unseasonal rainfall.
Distillery slump H1 FY27 ethanol production fell to 28.85 lakh litres from 214.99 lakh litres, and distillery sales volume and revenue declined by 64% year-on-year.
Sugar prices Average domestic sugar realization rose to ₹4,530 per quintal in Q2 FY27 from ₹3,963, the main driver of the year-on-year improvement.
Feedstock risk Feedstock unavailability and the ban on B-heavy molasses and cane juice for ethanol limit distillery operations in SS 2026-27.

Original filing on BSE

Dwarikesh Sugar Industries Limited Q2 FY27 results

As filed: Revenue ₹257 cr (+4% year on year), EBITDA −₹14.6 cr, PAT −₹13.1 cr, EBITDA margin -5.7% (+1,000 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

Q1 FY27: 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). Score 15 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 792 bps year on year. Revenue fell 16% from last quarter. Share price after the results: +20.4% in 30 days (Nifty 500: +1.4%).
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.

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.