Dwarikesh Sugar Industries Ltd

Q1 FY27Agricultural Food & other Products

Dwarikesh Sugar Industries Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 investor presentation: what the company reported on revenue, margins and projects.

Price₹41

Market cap₹763 Cr

P/E52.6

Updated24 Sept 2026

Read5 min read

Based on Dwarikesh Sugar Industries Ltd's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Sugar business Q1 FY27 vs Q1 FY26: - Sugar sold: 750.4k quintals vs 662.6k (+13.3%) - Average domestic sugar realization: ₹4,064/qt vs ₹3,962/qt (+2.6%) - Revenue from operations: ₹3,205.7M vs ₹3,141.9M (+2%) - EBITDA: -₹252.9M vs -₹162.7M (worsened) - EBITDA margin: -7.9% vs -5.2% - Industrial alcohol Q1 FY27 vs Q1 FY26: - Volume sold: 7.8M liters vs 21.6M liters (-63.9%) - Average realization: ₹60.7/l vs ₹60.7/l (flat) - Revenue from operations: ₹482.6M vs ₹1,336.6M (-63.9%) - EBITDA margin: 3.2% vs 15.5% (declined) - Cogeneration Q1 FY27 vs Q1 FY26: - Power generated: 0.9M units vs 3.4M units (-73.5%) - Power revenue: ₹0.47M vs ₹2.96M (-84.1%) - Overall revenue from operations Q1 FY27: ₹3,581.3M vs ₹4,054.7M (-11.6%) - Explicit outlook (Page 22): - Company expects healthy sugarcane crop in 2026-27 season, subject to normal weather. EBITDA for Q1 FY27 was a loss of ₹237.6 million, down from a profit of ₹44.3 million in Q1 FY26.

From Dwarikesh Sugar Industries Ltd's Q1 FY27 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Sugar business Q1 FY27 vs Q1 FY26:
Sugar sold: 750.4k quintals vs 662.6k (+13.3%)
Average domestic sugar realization: ₹4,064/qt vs ₹3,962/qt (+2.6%)
Revenue from operations: ₹3,205.7M vs ₹3,141.9M (+2%)
EBITDA: -₹252.9M vs -₹162.7M (worsened)
EBITDA margin: -7.9% vs -5.2%
Industrial alcohol Q1 FY27 vs Q1 FY26:
Volume sold: 7.8M liters vs 21.6M liters (-63.9%)
Average realization: ₹60.7/l vs ₹60.7/l (flat)
Revenue from operations: ₹482.6M vs ₹1,336.6M (-63.9%)
EBITDA margin: 3.2% vs 15.5% (declined)
Cogeneration Q1 FY27 vs Q1 FY26:
Power generated: 0.9M units vs 3.4M units (-73.5%)
Power revenue: ₹0.47M vs ₹2.96M (-84.1%)
Overall revenue from operations Q1 FY27: ₹3,581.3M vs ₹4,054.7M (-11.6%)
Explicit outlook (Page 22):
Company expects healthy sugarcane crop in 2026-27 season, subject to normal weather.
Improved varietal mix and crop development ongoing.

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for Q1 FY27 was a loss of ₹237.6 million, down from a profit of ₹44.3 million in Q1 FY26.
EBITDA margin declined from 1.1% in Q1 FY26 to -6.6% in Q1 FY27.
Profit after tax (PAT) was a loss of ₹257.3 million in Q1 FY27, compared to a loss of ₹93.8 million in Q1 FY26.
PAT margin decreased from -2.3% to -7.2% year-on-year.

2 more points management made on profitability & margins

See what Dwarikesh Sugar Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Distillery capacity expansions over years:
2017: 100 KLPD distillery capacity expansion project completed and operations started
2019: Distillery capacity stabilized at 130 KLPD
2020: Distillery capacity stabilized at 162.5 KLPD
2022: Distillery capacity at Dwarikesh Dham (DD) unit reached 175 KLPD
2022: Total distillery capacity noted as 337,500 LPD (including DN and DD units)
Cogeneration capacities increased historically:
2005: DN cogeneration capacity reached 17 MW
2007: DN cogeneration at 26 MW
2016: Dwarikesh Dham (DD) cogeneration capacity of 36 MW (surplus c. 24 MW)
2016: Dwarikesh Puram (DP) cogeneration capacity increased to 33 MW (surplus c. 24 MW)

2 more points management made on capital expenditure plans

Top-ranked in Agricultural Food & other Products

Ranked on what management guided this quarter

5x potential

1Regaal Resources₹927 Cr

Rev 1Mar 2

2Prospect Consum.₹21 Cr

Rev 1Mar 3

3₹250 Cr

Rev 2Mar 1

4₹218 Cr

Rev 2Mar 1

5₹2.7K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation mentions past equity fundraising:
Raised INR 540 million through GDR (2005)
Raised INR 325 million through IPO, oversubscribed 23x (2007)
Raised INR 594 million through QIP (2016)
Regarding debt or borrowings in Q1 FY27:
Finance cost decreased year-on-year, primarily due to scheduled term loan repayments (Page 15)

2 more points management made on fundraising & capital structure

See what Dwarikesh Sugar Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation for Q1 FY27 does not report any information regarding: - Order book - Order inflow - Pending orders No details or metrics related to order backlog or order inflow are mentioned in the presentation. The focus is primarily on financial performance, operational trends, sector outlook, and overview of facilities.

Dwarikesh Sugar Industries Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹425 Cr, net profit ₹57 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Dwarikesh Sugar Industries Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Dwarikesh Sugar Industries Ltd Q1 FY27 results?

What is Dwarikesh Sugar Industries Ltd share price analysis?

Dwarikesh Sugar Industries Ltd currently shows a neutral. The stock trades at a P/E of 52.6 with a market cap of ₹763 Cr. Investors should review the full earnings analysis for detailed insights.

Is Dwarikesh Sugar Industries Ltd planning capital expenditure?

Distillery capacity expansions over years: - 2017: 100 KLPD distillery capacity expansion project completed and operations started - 2019: Distillery capacity stabilized at 130 KLPD - 2020: Distillery capacity stabilized at 162.5 KLPD - 2022: Distillery capacity at Dwarikesh Dham (DD) unit reached 175 KLPD - 2022: Total distillery capacity noted as 337,500 LPD (including DN and DD units) - Cogeneration capacities increased historically: - 2005: DN cogeneration capacity reached 17 MW - 2007: DN cogeneration at 26 MW - 2016: Dwarikesh Dham (DD) cogeneration capacity of 36 MW (surplus c.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.