Sanstar Ltd

Q4 FY26Agricultural Food & other Products

Sanstar Q4 FY26 earnings call: Revenue & Margins

Q4 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹108

Market cap₹2.3K Cr

P/E52.7

Updated25 Sept 2026

Read4 min read

Based on Sanstar 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

Q4 FY26 Revenue from Operations: Rs. Q4 FY26 EBITDA: Rs.

From Sanstar Ltd's Q4 FY26 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Q4 FY26 Revenue from Operations: Rs. 2,168 million, down 4.2% YoY (compared to Rs. 2,263 million in Q4 FY25).
Q4 FY26 Export Revenue: Rs. 788 million (compared to Rs. 730 million in Q4 FY25).
FY26 Revenue from Operations: Rs. 7,846 million, down 17.7% YoY (compared to Rs. 9,534 million in FY25).
FY26 Export Revenue: Rs. 2,657 million, down compared to Rs. 3,432 million in FY25.
Installed crushing capacity expanded to 2,350 TPD (from 1,100 TPD), with Dhule native starch capacity at 1,250 TPD.
Outlook states entering FY2026-27 with expanded capacities, normalized operations, and improved utilization.

2 more points management made on revenue & sales performance

Profitability & Margins

Q4 FY26 EBITDA: Rs. 194 million, up from Rs. (5) million in Q4 FY25 (YoY: significant increase, "nm" noted as not meaningful due to negative prior EBITDA).
Q4 FY26 Operating Margin (Gross Profit Margin): 34.4%, up from 20.7% in Q4 FY25 (YoY improvement of 13.7 percentage points).
Q4 FY26 PAT: Rs. 205 million, up 271.2% YoY from Rs. 55 million in Q4 FY25.

2 more points management made on profitability & margins

See what Sanstar Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Commissioned expanded native starch manufacturing capacity at Dhule facility, increasing crushing capacity from planned 1,000 TPD to 1,250 TPD, completed by FY2026.
Total installed capacity post-expansion is 2,350 TPD (Dhule 1,250 TPD + Dhule 750 TPD + Kutch 350 TPD).
Derivatives facility at Dhule expected to be commissioned within FY2026-27, aiming to strengthen higher value-added product portfolio.
Capital expenditure of approximately Rs. 225 crore incurred, enhancing maize grinding capacity and manufacturing scale, mainly during FY26.

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 a total capex of about Rs. 225 crore incurred, significantly enhancing capacity (Page 20).
Long-term borrowings reduced from Rs. 147 million in FY25 to Rs. 100 million in FY26, short-term borrowings reduced from Rs. 123 million to Rs. 99 million (Page 17).
Total debt decreased from Rs. 271 million in FY25 to Rs. 199 million in FY26 (Page 9).
Net debt reduced substantially from Rs. (937) million in FY25 to Rs. (37) million in FY26, with Net Debt/Equity improving from (0.14)x to (0.01)x (Page 9).
The company repaid Rs. 72 million of debt in FY26 (Page 9).
Operating cash flow and working capital management showed positive inflows; investing activities showed a cash outflow of Rs. 1,785 million reflecting capacity expansion (Page 9).

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

The investor presentation does not report any specific details on order book, order inflow, or pending orders. Key points related to operations and performance mentioned include: - Revenue from Operations for FY2026: Rs. 7,846 million; Q4 FY26: Rs. 2,168 million - Export revenue for FY2026: Rs. 2,657 million - Capacity expansion milestones: total installed crushing capacity at 2,350 TPD

2 more points management made on order book & pipeline

Sanstar Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹217 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Sanstar Ltd Q4 FY26 results?

Q4 FY26 Revenue from Operations: Rs. Q4 FY26 EBITDA: Rs.

What is Sanstar Ltd share price analysis?

Sanstar Ltd currently shows a neutral. The stock trades at a P/E of 52.7 with a market cap of ₹2,317 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sanstar Ltd planning capital expenditure?

Commissioned expanded native starch manufacturing capacity at Dhule facility, increasing crushing capacity from planned 1,000 TPD to 1,250 TPD, completed by FY2026.

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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.