Dwarikesh Sugar Industries Ltd

Q4 FY25Agricultural Food & other Products

Dwarikesh Sugar Industries Q4 FY25 earnings call: Revenue & Margins

Q4 FY25 investor presentation: what the company reported on revenue, margins and projects.

Price₹41

Market cap₹763 Cr

P/E52.6

Updated24 Sept 2026

Read4 min read

Based on Dwarikesh Sugar Industries Ltd's Q4 FY25 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 Segment Q4 FY25 vs Q4 FY24: - Sugar sold: 579,100 quintals, +2% YoY (up from 568,700 quintals) - Average domestic sugar realization: Rs. Q4 FY25 EBITDA: Rs.

From Dwarikesh Sugar Industries Ltd's Q4 FY25 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Sugar Segment Q4 FY25 vs Q4 FY24:
Sugar sold: 579,100 quintals, +2% YoY (up from 568,700 quintals)
Average domestic sugar realization: Rs. 3,957/quintal, +5% YoY (up from Rs. 3,763)
Revenue from operations: Rs. 4,401.5 million, +15% YoY (up from Rs. 3,754.7 million)
Distillery Segment Q4 FY25 vs Q4 FY24:
Industrial alcohol sold: 30.0 million liters, +42% YoY (up from 21.1 million liters)
Average realization: Rs. 62.7/liter (marginally up from 60.7)
Revenue from ethanol: Rs. 1,895.6 million, +47% YoY (up from Rs. 1,292.9 million)
Cogeneration Q4 FY25 vs Q4 FY24:
Power revenue: Rs. 167.4 million, down from Rs. 205.3 million
Explicit Outlook (Page 25):
Strategic phasing out of less resilient Co 0238 sugarcane variety; promoting modern varieties
Expect improved crushing volumes and varietal diversification in future seasons

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY25 EBITDA: Rs. 1,072.0 million, up from Rs. 753.0 million in Q4 FY24 (approx. 42% increase) [Page 14]
Q4 FY25 EBITDA Margin: 23.4%, up from 19.8% in Q4 FY24 [Page 15]
Q4 FY25 PAT: Rs. 463.3 million, up from Rs. 228.9 million in Q4 FY24 (approx. 102% increase) [Page 14]

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: Expanded to 100 KLPD, operations started Dec 2019
2019: Stabilized at 130 KLPD
2020: Stabilized at 162.5 KLPD
2022: 175 KLPD at Dwarikesh Dham unit
Current total distillery capacity mentioned as 337,500 LPD (162.5 KLPD at Dwarikesh Nagar and 175 KLPD at Dwarikesh Dham)
Cogeneration capacities growth:
Dwarikesh Nagar: 6 MW in 1995; 17 MW by 2007; 20 MW current
Dwarikesh Puram: 9 MW (2004); increased to 33 MW (current)
Dwarikesh Dham: Commissioned with 36 MW in 2016; currently 41 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

On page 12 (Key Milestones), the presentation mentions past equity fundraisings:
INR 540 million raised through Global Depository Receipts (GDR).
INR 325 million raised through IPO, oversubscribed 23x.
INR 594 million raised through Qualified Institutional Placement (QIP).
Page 17 notes finance costs reduced in FY25 primarily due to scheduled term loan repayments despite higher utilization of cash credit limits in Q4 FY25, indicating some repayment of debt during the year.

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 does not report any specific details regarding order book, order inflow, or pending orders. - There is no mention of order backlog, pending orders, or incoming orders in the entire document. - The focus is primarily on financial performance, operational trends, production volumes, and strategic initiatives. - Key topics include sugarcane crushing volumes, sugar sales, ethanol production, cogeneration data, and outlook, but no order-related metrics are disclosed. Thus, based strictly on the presentation content, no order book or order inflow information is provided.

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 FY25 results?

Sugar Segment Q4 FY25 vs Q4 FY24: - Sugar sold: 579,100 quintals, +2% YoY (up from 568,700 quintals) - Average domestic sugar realization: Rs. Q4 FY25 EBITDA: Rs.

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: Expanded to 100 KLPD, operations started Dec 2019 - 2019: Stabilized at 130 KLPD - 2020: Stabilized at 162.5 KLPD - 2022: 175 KLPD at Dwarike

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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.