Dwarikesh Sugar Industries reports FY26 revenue of ₹1,402 crore

Dwarikesh Sugar Industries Limited has scheduled its 32nd Annual General Meeting (AGM) for Thursday, August 6, 2026, at 12:15 p.m. at its registered office in Dwarikesh Nagar, District Bijnor, Uttar Pradesh. The meeting will consider the audited financial statements for the year ended March 31, 2026, which show a revenue of ₹1,40,194 lakhs and a net profit of ₹3,084 lakhs. The company has also sent physical letters to shareholders who have not registered their email addresses, providing the web-link to access the full Annual Report for FY 2025-26 in compliance with Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's financial performance for FY 2025-26 reflected resilience amid lower sugarcane availability and adverse weather conditions. Revenue from operations increased by 3.17% to ₹1,40,194 lakhs, while Earnings After Tax (EAT) rose by 32% year-on-year to ₹3,084 lakhs. The increase in net profit was primarily due to a lower tax provision from the transition to a new tax regime. Key financial metrics are summarised below:

Metric	FY 2025-26	FY 2024-25	Change
Revenue from Operations	₹1,40,194 lakhs	₹1,35,888 lakhs	+3.17%
EBITDA	₹9,403 lakhs	₹11,991 lakhs	-21.58%
EBITDA Margin	6.71%	8.82%	-211 bps
Earnings After Tax	₹3,084 lakhs	₹2,334 lakhs	+32% Y-o-Y
Finance Costs	₹14.77 crore	₹18.52 crore	-20% Y-o-Y
Net Worth	₹828.71 crore	—	—

Operational Highlights

Sugarcane crushing volumes declined by 7.51% to 243.21 lakh quintals due to excessive rainfall and the phase-out of the Co 0238 variety. However, gross-adjusted sugar recovery improved by 44 basis points to 11.38%. Sugar production increased to 23.73 lakh quintals, aided by the absence of juice diversion to ethanol. Ethanol production reached 602.70 lakh litres across its units.

AGM Agenda and Resolutions

The AGM agenda includes the re-appointment of Shri Gautam R. Morarka as Executive Chairman for five years effective January 1, 2027, and the ratification of remuneration for cost auditors. The Board has recommended a final dividend of ₹0.10 per equity share for FY 2025-26. The record date for dividend entitlement is July 30, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.07%	-0.23%	+0.16%	+30.89%	-5.87%	-43.97%

Dwarikesh Sugar Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026, as approved by the Board of Directors at its meeting held on May 14, 2026. The results were reviewed and recommended by the Audit Committee prior to board approval and have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Quarterly Financial Performance

The company recorded a notable improvement in profitability during the fourth quarter of FY26. Net profit after tax (after exceptional and/or extraordinary items) rose to ₹5,740.95 lakh in Q4 FY26, compared to ₹4,633.00 lakh in Q4 FY25. Total income from operations for the quarter stood at ₹42,542.55 lakh, compared to ₹45,885.06 lakh in Q4 FY25 and ₹32,511.58 lakh in Q3 FY26.

The following table summarises key quarterly financial metrics:

Metric:	Q4 FY26 (Mar 31, 2026)	Q3 FY26 (Dec 31, 2025)	Q4 FY25 (Mar 31, 2025)
Total Income from Operations (₹ lakh):	42,542.55	32,511.58	45,885.06
Net Profit/(Loss) before Tax, Exceptional Items (₹ lakh):	8,170.06	2,679.25	8,763.34
Net Profit/(Loss) before Tax, after Exceptional Items (₹ lakh):	8,170.06	2,679.25	8,763.34
Net Profit/(Loss) after Tax, after Exceptional Items (₹ lakh):	5,740.95	1,543.50	4,633.00
Total Comprehensive Income (₹ lakh):	5,818.30	1,543.50	4,589.29
Basic EPS (₹):	3.10	0.83	2.50
Diluted EPS (₹):	3.10	0.83	2.50

Full-Year Financial Performance

For the full year ended March 31, 2026, total income from operations grew to ₹1,40,193.92 lakh from ₹1,35,888.34 lakh in FY25. Net profit after tax for the year stood at ₹3,083.80 lakh, compared to ₹2,333.57 lakh in FY25. Total comprehensive income for FY26 was ₹3,161.15 lakh against ₹2,289.86 lakh in FY25.

The following table presents the full-year financial highlights:

Metric:	FY26 (Mar 31, 2026)	FY25 (Mar 31, 2025)
Total Income from Operations (₹ lakh):	1,40,193.92	1,35,888.34
Net Profit/(Loss) before Tax, Exceptional Items (₹ lakh):	4,252.24	5,246.05
Net Profit/(Loss) before Tax, after Exceptional Items (₹ lakh):	4,252.24	5,246.05
Net Profit/(Loss) after Tax, after Exceptional Items (₹ lakh):	3,083.80	2,333.57
Total Comprehensive Income (₹ lakh):	3,161.15	2,289.86
Basic EPS (₹):	1.66	1.26
Diluted EPS (₹):	1.66	1.26

Balance Sheet Highlights

As at March 31, 2026, the company's paid-up equity share capital stood at ₹1,853.01 lakh (face value ₹1 each). Reserves (excluding revaluation reserve) were ₹81,018.39 lakh, while the securities premium account stood at ₹14,688.11 lakh. Net worth as shown in the audited balance sheet was ₹82,871.40 lakh, compared to ₹80,621.64 lakh as at March 31, 2025.

Dividend Recommendation

The Board of Directors has recommended a dividend at the rate of 10% on equity shares (face value of ₹1 per share), amounting to ₹0.10 per share, for the year ended March 31, 2026. This recommendation is subject to approval by members at the ensuing Annual General Meeting.

Regulatory Compliance

The audited financial results have been filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review report as required under the said regulation has been completed by the company's auditors. The full format of the results is available on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ), as well as on the company's website ( www.dwarikesh.com ). The results were signed off by Vijay S Banka, Managing Director (DIN 00963355), on behalf of the Board of Directors, from Mumbai on May 14, 2026.