Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q3 FY25 Earnings Presentation
32 slides from Dwarikesh Sugar Industries's earnings presentation, Jan 27, 2025
Slide 1: Regulation 30 disclosure cover letter to exchanges
REF: DSIL/2024-25/251 January 27, 2025 Corporate Relationship Department National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra – Kurla Complex, Dalal Street, Fort, Mumbai - 400 001 Bandra [E], Mumbai - 400 051 Fax: 22723 2082 /3132 Scrip Code - 532610
Slide 2: Investor Presentation Q3 & 9M FY25 Results
Investor Presentation Company Performance Date Q3 & 9M FY25 Results 27 January 2025
Slide 3: Safe harbour statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dwarikesh Sugar Industries Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Earnings Call
You are cordially invited to Q3 FY25 earnings conference call of Dwarikesh Sugar Industries Limited on Tuesday, 28th January 2025 at 1.30 PM Represented By Mr. Vijay S. Banka - Managing Director Mr. B. J. Maheshwari - Managing Director Company Secretary & CCO Ms. Priyanka G. Morarka - President (Cor
Slide 5: Table of contents
• Sector outlook ... 5 Table of • Business overview ... 7 contents • Financial performance ... 12 • Operation trends ... 18 • Pictures of our facilities ... 25
Slide 6: Sector outlook
S&P Global Commodity Insights estimates that the global supply and demand for 2024-25 has shifted to a deficit of 721,000 metric tons, compared to a balanced outlook reported earlier. The projected global supply and demand deficit for 2025-26 has been revised down to 2.66 million metric tons, from
Slide 7: Sector outlook
According to the notification issued by the government, each mill is allocated approximately 3.2% of its average production over the past three years as its export quota. Exports are permitted from the date of the order until September 30, 2025. Additionally, the government has provided flexibilit
Slide 8: Business overview
Business overview A brief run through
Slide 9: At a glance
At a glance • All 3 Plants located in UP-India’s largest sugar producing state. • 2 Plants located in Bijnor District– a District with focused concentration on cane production on highly fertile & well-irrigated land. • Plant at Bareilly – the low-lying Ganges plains district with fertile alluvial so
Slide 10: Operations Overview
Operations Overview Farmers Molasses (nearly 1.54 lakhs) (External Sales) Industrial Alcohol (162.5 KLPD at Cane Development Sugarcane Molasses Distillery Dwarikesh Nagar & & Marketing 175 KLPD at Dwarikesh Dham) Clarification Dwarikesh Sugar Crushing Sugar Sugarcane Juice Evaporation Industries Ltd
Slide 11: Management
G. R. Morarka Vijay S. Banka B. J. Maheshwari • Founder and Promoter • Executive Chairman • Managing Director • Managing Director, • Commerce graduate & • Chartered Accountant Company Secretary ICWA Inter • Associated with the cum Chief Compliance • Received ‘Indira Gandhi company Officer Priyadarsh
Slide 12: Key Milestones
Key Milestones Set up DN Distillery with 30,000 LPD capacity; Debottlenecking of 100 KLPD Commissioned Dwarikesh Puram Commencement of DN Distillery by Distillery capacity DN Crushing capacity (DP) plant with crushing capacity surplus power commissioning expansion project reached 6,500 TCD; of 7,500
Slide 13: Financial performance
Financial performance Q3 & 9M FY25
Slide 14: Performance Highlight
PERFORMANCE HIGHLIGHT In INR million Q3FY25 9MFY25 Q3FY24 9MFY24 FY24 Total Income 3,163.9 9,062.5 3,189.6 13,391.8 17,212.4 EBIDTA 308.9 127.1 320.2 1,413.2 2,166.2 PAT 107.3 -229.9 98.1 606.9 835.2 In INR Q3FY25 9MFY25 Q3FY24 9MFY24 FY24 EPS 0.58 -1.24 0.52 3.22 4.44 Financial performance Investor
Slide 15: Quarterly trends
Quarterly trends Revenue from Operations (Million) EBITDA (Million) PAT (Million) EBITDA Margin PAT Margin Average Domestic Sugar Realization INR/Quintal 3852.1 10.2% 3.4% 3129.1 3772.3 3.1% 9.9% 320.2 3127.2 308.9 98.1 107.3 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 PAT Margin is PAT / Revenue from
Slide 16: 9M FY25 trends
9M FY25 trends Revenue from Operations - External (INR Million) PAT(Million) PAT Margin EBITDA (INR Million) EBITDA Margin 4.6% 10.6% 606.9 1413.2 1.4% 9MFY24 9MFY25 13296.3 9000.3 127.1 -229.9 9MFY24 9MFY25 -2.6% PAT Margin is PAT / Revenue from operations EBITDA Margin is EBITDA / Revenue from ope
Slide 17: Financials - Summary
FINANCIALS - SUMMARY In INR million Q3 FY25 9M FY25 Q3 FY24 9M FY24 FY24 REMARKS INCOME Lower during 9M FY25 on account of lesser volume Revenue from operations 3,127.2 9,000.3 3,129.1 13,296.3 17,095.7 of sugar & ethanol sold. Other income 36.7 62.2 60.5 95.5 116.7 -- Total Revenue 3,163.9 9,062.5
Slide 18: Financials - Summary (continued)
FINANCIALS - SUMMARY (continued) In INR million Q3 FY25 9M FY25 Q3 FY24 9M FY24 FY24 REMARKS Depreciation and amortization 124.1 370.4 135.9 398.5 525.0 expense Other expenses have seen a reduction, aligning with the scale of the company’s operations during the 9 Other expense 246.5 749.0 342.7 1,03
Slide 19: Operational trends
Operational trends
Slide 20: Sugar business - Quarterly snapshot
Sugar business - Quarterly snapshot Revenue from Operations (INR Million) Sugar Sold ('000 Quintal) EBITDA (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA Margin 3852.1 5.6% 3772.3 5.2% 3256.8 170.1 177.4 494.1 498.7 3154.8 Q3FY24 Q3FY25 Q3FY24 Q3FY25 EBITDA Margin is EBITDA / Re
Slide 21: Sugar business – 9M FY25 snapshot
Sugar business – 9M FY25 snapshot Revenue from Operations (INR Million) Sugar Sold ('000 Quintals) EBITDA (INR Million) EBITDA Margin Average Domestic Sugar Realization(INR/Quintal) 2.8% 3793.5 3692.2 11,697.40 322.6 8,190.90 2183.5 1770.9 (18.5) -0.2% 9MFY24 9MFY25 9MFY24 9MFY25 EBITDA Margin is EB
Slide 22: Cogeneration data
Cogeneration data Power Generated (Mn Units) Power Exported (Mn Unit) Average Realization (INR/Unit) SNAPSHOT 3.4 3.4 Due to the early closure of the 2023-24 season, power revenue during 9M FY25 stood at Rs. 152 million, 78.6 compared to Rs. 270 million during the same period last year. However, pow
Slide 23: Distillery quarterly snapshot
Distillery quarterly snapshot Ethanol production across both distilleries during Q3 FY25 stood at 152.71 lakh liters as against 185.24 lakh liters during the corresponding period last year. During Q3 FY25, industrial alcohol sales amounted to 14,958 KL, a slight increase compared to 14,172 KL in Q3
Slide 24: Distillery nine months snapshot
Distillery nine months snapshot During 9M FY25, a total of 251 lakh liters of ethanol was produced across both distilleries. This contrasts with the previous year, where production of 778 lakh liters was clocked during 9M FY24. Industrial Alcohol Sold (Mn L) Revenue from Operations (INR Million) Ave
Slide 25: Outlook
Outlook To tackle the challenges faced during the 2023-24 sugar season (SS), our company has taken proactive steps. We have made significant strides in phasing out the Co 0238 variety, actively encouraging farmers to transition to more resilient, newer alternatives. There are positive expectations
Slide 26: Pictures of our facilities
Pictures of our facilities
Slide 27: Dwarikesh Nagar unit (Bijnor district)
Dwarikesh Nagar unit (Bijnor district) Sugar plant overview Distillation house & multi-effect evaporator Bagasse silos & feeders of boiler Continuous pan
Slide 28: Dwarikesh Puram unit (Bijnor district)
Dwarikesh Puram unit (Bijnor district) Juice evaporator Centrifugal station Cogeneration control panel Switch yard
Slide 29: Dwarikesh Dham unit (Bareilly district)
Dwarikesh Dham unit (Bareilly district) Facility overview 24 MW TG set Pan station Clarification section
Slide 30: Dwarikesh Nagar distillery (Bijnor district)
Dwarikesh Nagar distillery (Bijnor district) 162.5 KLPD distillery
Slide 31: Dwarikesh Dham distillery (Bareilly district)
Dwarikesh Dham distillery (Bareilly district) 175 KLPD distillery
Slide 32: Thank You
Thank You Vijay S. Banka Poonam Saney Rohan Vora Managing Director (DSIL) Adfactors PR Pvt. Ltd. Adfactors PR Pvt. Ltd. Email: vsbanka@dwarikesh.com Email: poonam.saney@adfactorspr.com Email: rohan.vora@adfactorspr.com
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