Dwarikesh Sugar Industries Ltd

Q4 FY24Agricultural Food & other Products

Dwarikesh Sugar Industries Q4 FY24 earnings call: Revenue & Margins

Q4 FY24 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 Q4 FY24 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 Q4 FY24: - Sugar sold: 568.7 thousand quintals (down 35% YoY from 875.4) - Average domestic sugar realization: INR 3,763/quintal (up 10% YoY from 3,410) - Revenue from operations: INR 3,754.7 million (down 30% YoY from 5,348.9 million) - EBITDA: INR 566.1 million (down YoY); EBITDA margin increased to 15.1% (from 10.8%) - Distillery Q4 FY24: - Industrial alcohol sold: 61.8 million liters (down 28% YoY from 84.2) - Average realization: INR 94.4/liter - Revenue from operations: INR 1,292.9 million (down 34% YoY from 1,950.7 million) - EBITDA margin decreased to 14.5% (from 15.7%) - Operational Notes: - Industrial alcohol revenue volume increased 12% for full FY24, but declined in Q4. Q4 FY24 EBITDA: ₹753.0 million, down from ₹883.2 million in Q4 FY23 (14.7% decline) [Page 14] - Q4 FY24 EBITDA Margin: 19.8%, increased from 16.6% in Q4 FY23 [Page 15] - Q4 FY24 Profit After Tax (PAT): ₹228.9 million, down from ₹466.9 million in Q4 FY23 (51% decline) [Page 14,15] - Q4 FY24 PAT Margin: 6.0%, decreased from 8.8% in Q4 FY23 [Page 15] - Operating (EBITDA) Margin generally reported as EBITDA / Revenue from operations; no explicit forward margin outlook is stated in the presentation.

From Dwarikesh Sugar Industries Ltd's Q4 FY24 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Sugar Business Q4 FY24:
Sugar sold: 568.7 thousand quintals (down 35% YoY from 875.4)
Average domestic sugar realization: INR 3,763/quintal (up 10% YoY from 3,410)
Revenue from operations: INR 3,754.7 million (down 30% YoY from 5,348.9 million)
EBITDA: INR 566.1 million (down YoY); EBITDA margin increased to 15.1% (from 10.8%)
Distillery Q4 FY24:
Industrial alcohol sold: 61.8 million liters (down 28% YoY from 84.2)
Average realization: INR 94.4/liter
Revenue from operations: INR 1,292.9 million (down 34% YoY from 1,950.7 million)
EBITDA margin decreased to 14.5% (from 15.7%)
Operational Notes:
Industrial alcohol revenue volume increased 12% for full FY24, but declined in Q4.

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY24 EBITDA: ₹753.0 million, down from ₹883.2 million in Q4 FY23 (14.7% decline) [Page 14]
Q4 FY24 EBITDA Margin: 19.8%, increased from 16.6% in Q4 FY23 [Page 15]
Q4 FY24 Profit After Tax (PAT): ₹228.9 million, down from ₹466.9 million in Q4 FY23 (51% decline) [Page 14,15]
Q4 FY24 PAT Margin: 6.0%, decreased from 8.8% in Q4 FY23 [Page 15]

- **Operating (EBITDA) Margin** generally reported as EBITDA / Revenue from operations; no explicit forward margin outlook is stated in the presentation. - The presentation notes margin improvement driven by higher sugar realization and optimized feedstock mix despite lower volumes and higher expenses affecting PAT [Pages 18, 20]. No explicit future margin guidance or outlook is given in the presentation.

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

175 KLPD Distillery Plant at Dwarikesh Dham unit
Commissioned and commenced commercial production on 7th July 2022.
This is a new distillery project enhancing capacity to 175 KLPD at this unit.
Distillery Capacity Expansion
100 KLPD distillery capacity expansion project completed with operations started in December 2019.
Cogeneration Capacity Enhancements
Dwarikesh Nagar plant cogeneration capacity increased from 6 MW (1995) to 17 MW (2005) and later optimized (year not specified).
Dwarikesh Puram cogeneration capacity reached 33 MW (surplus approx. 24 MW by 2008).
Dwarikesh Dham cogeneration capacity commissioned at 36 MW (surplus approx. 24 MW).
Distillery Capacity Stabilization

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 investor presentation does not explicitly mention any fundraising through debt or equity, nor does it provide detailed information about changes in borrowings or net debt. However, it notes the following related financial aspects: - Finance cost decreased during FY24 due to repayment of term loans as per stipulated schedule and lesser utilization of cash credit limits (Page 17). - Lower finance costs contributed to improved profitability (Page 18). - No mentions of fresh debt or equity issuance, capital raising, or significant changes in borrowing levels are found in the provided slides. Hence, based on the presentation content, there is no indication of new fundraising or a material change in borrowings or net debt during FY24.

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

Order Book & Pipeline

The investor presentation does not report any details regarding order book, order inflow, or pending orders. Specifically: - There is no mention of order book figures anywhere in the presentation. - There is no data or commentary on order inflow or new orders received. - There is no disclosure related to pending orders or order backlog. The presentation primarily covers financial performance, operational trends, business overview, and facility descriptions, without including information on order-related metrics.

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 Q4 FY24 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?

175 KLPD Distillery Plant at Dwarikesh Dham unit - Commissioned and commenced commercial production on 7th July 2022.

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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.