Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q1 FY26 Earnings Presentation
29 slides from Dwarikesh Sugar Industries's earnings presentation, Aug 7, 2025
Slide 1: Regulation 30 disclosure cover letter
REF: DSIL/2025-26/115 August 7, 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 S
Slide 2: Investor Presentation Q1 FY26 Results
Investor Presentation Company Performance Date Q1 FY26 Results 07 August 2025
Slide 3: Safe harbor 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: Table of contents
• Sector outlook ... 4 Table of • Business overview ... 6 contents • Financial performance ... 11 • Operation trends ... 16 • Pictures of our facilities ... 22
Slide 5: Sector outlook
The global sugar market is now projected to post a surplus of 3.04 million tons for the 2025-26 season, according to the latest forecast from StoneX. The surplus for 2026-27 is estimated at 2.22 million tons. Following a deficit in the 2024-25 season, the next two seasons are expected to see surpl
Slide 6: Sector outlook
Domestic sugar prices, which had been hovering around ₹ 4,000 per quintal in earlier quarters, saw a slight dip during Q1 of FY 2025–26. However, a rebound has since occurred, with current prices approaching ₹ 4,100 per quintal. Looking ahead, sugar prices are expected to remain firm. According
Slide 7: Business overview
Business overview A brief run through
Slide 8: 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 9: 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 10: 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 11: 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 12: Financial performance Q1 FY26
Financial performance Q1 FY26
Slide 13: Financial performance
Financial performance In INR million Q1FY26 Q1FY25 FY25 Total Income 4,059.7 3,418.5 13,653.2 EBIDTA 44.3 28.9 1,199.1 PAT (93.8) (97.3) 233.4 In INR Q1FY26 Q1FY25 FY25 EPS (0.51) (0.52) 1.26
Slide 14: Q1 FY26 performance
Q1 FY26 performance Revenue from Operations (Million) EBITDA (Million) PAT (Million) EBITDA Margin PAT Margin Average Domestic Sugar Realization INR/Quintal 1.1% Q1FY25 Q1FY26 3,962.0 -97.3 -93.8 0.8% 3,832.8 -2.3% 28.9 44.3 3,412.5 4,054.7 -2.9% Q1FY25 Q1FY26 Q1FY25 Q1FY26 PAT Margin is PAT / Reven
Slide 15: Financials - Summary
Financials - Summary In INR million Q1 FY26 Q1 FY25 FY25 REMARKS INCOME The increase in Q1 FY26 was primarily driven by higher Revenue from operations 4,054.7 3,412.5 13,588.8 ethanol sales volume. Other income 5.0 6.0 64.4 -- Total Revenue 4,059.7 3,418.5 13,653.2 -- EXPENDITURE Higher in Q1 FY26 d
Slide 16: Financials - Summary (continued)
Financials - Summary (continued) In INR million Q1 FY26 Q1 FY25 FY25 REMARKS Depreciation and amortization 120.6 123.0 489.3 expense While certain factors contributed to a reduction in expenses, others Other expense 272.2 248.5 1,020.7 led to an increase. Overall, the net increase in expenses is com
Slide 17: Operational trends
Operational trends
Slide 18: Sugar business - Synopsis
• The financial performance for Q1 FY26 was impacted by the near-complete cessation of crushing operations during the quarter, resulting in under-absorption of overhead costs that are typically spread across active production months. While revenue saw an increase, the contribution from sugar sales r
Slide 19: Sugar business - Quarterly snapshot
Sugar business - Quarterly snapshot Sugar Sold ('000 Quintal) Revenue from Operations (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA (INR Million) EBITDA Margin 3,962.0 -1.7% 3,832.8 2,751.9 -48.1 3,141.9 -162.7 675.2 662.6 Q1FY25 Q1FY26 -5.2% Q1FY25 Q1FY26 EBITDA Margin is EBIT
Slide 20: Cogeneration data
Cogeneration data Power Generated (Mn Unit) Power Exported (Mn Unit) Average Realization (INR/Unit) 3.5 SNAPSHOT Due to early closure of season, there was virtually no power revenue during Q1 FY26. Total revenue of ₹ 2.96 3.4 million was generated from evacuation and sale of power during the Q1 FY26
Slide 21: Distillery quarterly snapshot
Distillery quarterly snapshot The sale volume of Industrial alcohol saw an increase of 75% in Q1 FY26 as compared to the corresponding quarter of FY25. Correspondingly, revenue also increased by 75% during Q1 FY26 as compared to the same period last year. Industrial Alcohol Sold (Mn L) Revenue from
Slide 22: Outlook
Outlook In response to the challenges faced during the 2023–24 sugar season (SS), the Company implemented a series of proactive measures to strengthen operations and support farmers. A key initiative has been the strategic phase-out of the Co 0238 sugarcane variety, coupled with active promotion o
Slide 23: Pictures of our facilities
Pictures of our facilities
Slide 24: 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 25: Dwarikesh Puram unit (Bijnor district)
Dwarikesh Puram unit (Bijnor district) Juice evaporator Centrifugal station Cogeneration control panel Switch yard
Slide 26: Dwarikesh Dham unit (Bareilly district)
Dwarikesh Dham unit (Bareilly district) Facility overview 24 MW TG set Pan station Clarification section
Slide 27: Dwarikesh Nagar distillery (Bijnor district)
Dwarikesh Nagar distillery (Bijnor district) 162.5 KLPD distillery
Slide 28: Dwarikesh Dham distillery (Bareilly district)
Dwarikesh Dham distillery (Bareilly district) 175 KLPD distillery
Slide 29: 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 Mobile: 9819004968 Mobile: 9820432753
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