Dwarikesh Sugar Industries Limited announced strong quarterly results for Q3FY26 ended December 31, 2025, demonstrating significant improvement in operational performance. The company reported enhanced profitability metrics with better sugar sales volumes and improved price realizations during the quarter.

Financial Performance Highlights

The company's Q3FY26 results showed substantial improvement across key financial metrics compared to the corresponding period last year. Total income increased to Rs. 328.16 crore in Q3FY26 from Rs. 316.39 crore in Q3FY25, while EBITDA improved significantly to Rs. 40.68 crore from Rs. 30.89 crore.

Sugar Operations and Market Performance

Sugar sales during Q3FY26 amounted to 5.20 lakh quintals compared to 4.99 lakh quintals in the corresponding quarter of the previous year. The average realization from domestic sugar sales improved to Rs. 4,013 per quintal during the quarter, against Rs. 3,772 per quintal in the same period last year. For the nine months ended FY26, sugar sales stood at 17.85 lakh quintals, marginally higher than 17.71 lakh quintals recorded in the corresponding period of the previous year.

Sugar inventory as of December 31, 2025 stood at 8.21 lakh quintals, slightly lower than 8.27 lakh quintals as of December 31, 2024. The company noted that sugar prices, which were hovering around Rs. 4,100 per quintal at the start of the quarter, softened during the period but have since rebounded to around Rs. 4,050 per quintal.

Industrial Alcohol and Distillery Operations

Industrial alcohol sales during Q3FY26 were 12,432 KL, while sales for 9MFY26 stood at 34,081 KL, compared to 14,958 KL and 30,470 KL respectively in the corresponding periods of the previous year. Both distilleries are currently operating using B heavy molasses as feedstock. The company's outstanding long-term borrowing as of December 31, 2025 was Rs. 102.08 crore, entirely related to the distillery project at the DD unit, availed at a concessional rate of interest.

Crushing Season and Operational Updates

Crushing operations for the SS 2025-26 season commenced on November 7, 2025 at the Dwarikesh Nagar and Dwarikesh Puram units in Bijnor district, and on November 10, 2025 at the Dwarikesh Dham unit in Bareilly district. While cane availability from the ratoon crop has been lower due to reduced yields, recovery trends have been encouraging.

The company continues its efforts in crop protection and varietal development to mitigate challenges arising from adverse weather conditions and red-rot infestation. Management expressed confidence in regaining operational momentum by the 2026-27 season while maintaining focus on enhancing operational efficiencies and rigorous cost controls.

Marsons Limited has released its unaudited financial results for the third quarter of fiscal year 2026, demonstrating solid operational performance across key financial metrics. The company announced these results on February 9, 2026, in compliance with Regulation 33 of the SEBI listing obligations.

Financial Performance Overview

The company's financial performance for Q3FY26 shows consistent growth patterns across multiple parameters. The results reflect both quarterly and year-to-date performance, providing comprehensive insights into the company's operational efficiency.

Earnings and Capital Structure

The company maintained a stable equity share capital of Rs. 1721.00 lacs throughout the reporting periods. This consistency in capital structure reflects the company's steady approach to financial management and growth strategy.

Earnings Per Share Performance

The earnings per share metrics demonstrate the company's value creation for shareholders:

Consolidated vs Standalone Results

The financial results show identical figures for both standalone and consolidated accounts across all reported metrics. This alignment indicates that the company's subsidiary operations, if any, did not materially impact the overall financial performance during the reporting period.

Regulatory Compliance and Transparency

Marsons Limited has fulfilled its regulatory obligations by filing detailed quarterly financial results with stock exchanges. The company's registered office is located at Marsons House, Budge Budge Trunk Road, Chakmir, Maheshtala, Kolkata-700142, with CIN L31102WB1976PLC030676.

The complete financial results are available on the BSE website at www.bseindia.com and the company's official website at www.marsonsline.com , ensuring transparency and accessibility for stakeholders and investors.

Management Commentary

The results were announced by Managing Director Munal Agarwal (DIN: 03592597) on behalf of the Board of Directors. The financial performance reflects the company's operational capabilities and strategic positioning in its business segments.