Dwarikesh Sugar Industries Reports Higher Q4 Net Profit, Recommends Dividend for FY26
Dwarikesh Sugar Industries Limited reported audited financial results for the quarter and year ended March 31, 2026, with Q4 FY26 net profit after tax rising to ₹5,740.95 lakh from ₹4,633.00 lakh in Q4 FY25. Full-year net profit after tax improved to ₹3,083.80 lakh compared to ₹2,333.57 lakh in FY25, while total income from operations for the year grew to ₹1,40,193.92 lakh from ₹1,35,888.34 lakh. The Board has recommended a dividend of ₹0.10 per share (10% on face value of ₹1) for FY26, subject to shareholder approval. Net worth as at March 31, 2026 stood at ₹82,871.40 lakh, up from ₹80,621.64 lakh a year earlier.
*this image is generated using AI for illustrative purposes only.
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.
Historical Stock Returns for Dwarikesh Sugar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.08% | +5.26% | +0.23% | +7.40% | -7.84% | -18.06% |
How might the anticipated changes in India's sugar export policy and ethanol blending targets for FY27 impact Dwarikesh Sugar's revenue mix and profitability going forward?
Given that full-year pre-tax profit declined despite higher revenues in FY26, what cost pressures—such as sugarcane procurement prices or energy costs—could continue to weigh on margins in FY27?
Will Dwarikesh Sugar consider expanding its distillery or ethanol production capacity to capitalize on the government's accelerated ethanol blending program, and how might this affect capital expenditure plans?
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