Dwarikesh Sugar Industries Ltd

Q4 FY26Agricultural Food & other Products

Dwarikesh Sugar Industries Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 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 FY26 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

Distillery Segment Q4 FY26 ethanol production: 24.8 million liters, down from 29.9 million liters in Q4 FY25. Quarterly EBITDA: - Q4 FY26: INR 878.8 million - Q4 FY25: INR 1,072.0 million - Change: Decrease of ~18% - Quarterly EBITDA Margin: - Q4 FY26: 20.7% - Q4 FY25: 23.4% - Chang

From Dwarikesh Sugar Industries Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Distillery Segment Q4 FY26 ethanol production: 24.8 million liters, down from 29.9 million liters in Q4 FY25.
Industrial alcohol sales in Q4 FY26: 21.3 million liters, down from 30.0 million liters in Q4 FY25.
Revenue from ethanol in Q4 FY26: INR 1,295.1 million, down from INR 1,883.2 million in Q4 FY25.
Distillery Revenue Q4 FY26: INR 1,319.6 million, down from INR 1,895.6 million in Q4 FY25.
Distillery EBITDA Q4 FY26: INR 242.6 million, down from INR 361.2 million in Q4 FY25.
Sugar Segment Q4 FY26 revenue: INR 3,972.2 million, down from INR 4,401.5 million in Q4 FY25.
Sugar Segment Q4 FY26 sugar sold: 635.8 thousand quintals, up from 579.1 thousand quintals in Q4 FY25.

2 more points management made on revenue & sales performance

Profitability & Margins

Quarterly EBITDA:
Q4 FY26: INR 878.8 million
Q4 FY25: INR 1,072.0 million
Change: Decrease of ~18%
Quarterly EBITDA Margin:
Q4 FY26: 20.7%
Q4 FY25: 23.4%
Change: Decline of 2.7 percentage points
Quarterly PAT:
Q4 FY26: INR 574.1 million
Q4 FY25: INR 463.3 million
Change: Increase of ~24%
Quarterly PAT Margin:
Q4 FY26: 13.5%
Q4 FY25: 10.1%
Change: Increase of 3.4 percentage points

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

2017: Distillery capacity expansion project at Dwarikesh Nagar successfully completed; operations started in Dec 2019 (100 KLPD capacity).
2019: Distillery capacity stabilized at 130 KLPD.
2020: Distillery capacity stabilized at 162.5 KLPD at Dwarikesh Nagar.
2021: Commissioned Dwarikesh Dham (DD) plant with 7,500 TCD sugar crushing capacity and 36 MW cogeneration (surplus c. 24 MW).
2022: Distillery of 175 KLPD commissioned at Dwarikesh Dham (DD) unit.

- Ongoing/Recent: Cogeneration capacity expansions at Dwarikesh Puram (DP) and Dwarikesh Dham (DD) units (DP cogeneration capacity increased to 33 MW with c. 24 MW surplus; DD has 41 MW power generation). - No specific capex amounts or future timelines given explicitly beyond these milestones. The presentation primarily highlights completed capacity expansions and current capacities, with no new projects or capex amounts detailed for FY26 or beyond.

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

Page 11 highlights past equity fundraises:
Raised INR 540 million through GDR (2005)
Raised INR 325 million through IPO (2008), oversubscribed 23x
Raised INR 594 million through QIP (2017)
Page 16 mentions:
Finance cost reduced during FY26 due to scheduled term loan repayments.

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 Dwarikesh Sugar Industries Limited does not report any information on order book, order inflow, or pending orders. The content focuses primarily on: - Financial performance for Q4 and FY26 - Operational trends, including sugar and distillery segments - Capacity and facility overviews

2 more points management made on order book & pipeline

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 FY26 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?

2017: Distillery capacity expansion project at Dwarikesh Nagar successfully completed; operations started in Dec 2019 (100 KLPD capacity). - 2019: Distillery capacity stabilized at 130 KLPD. - 2020: Distillery capacity stabilized at 162.5 KLPD at Dwarikesh Nagar. - 2021: Commissioned Dwarikesh Dham (DD) plant with 7,500 TCD sugar crushing capacity and 36 MW cogeneration (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.