Sanstar Limited Reports 44% Revenue Decline in Q1 Amid Maintenance Shutdown and Market Challenges
Sanstar Limited, a leading Indian producer of maize-based specialty products, reported a 44.2% decrease in Q1 revenue to ₹1,689.00 million. The company faced challenges due to a 24-day annual maintenance shutdown and market pressures, resulting in negative EBITDA of ₹17.00 million and negative PAT of ₹3.00 million. Despite these setbacks, Sanstar is proceeding with expansion plans to increase capacity from 1,100 TPD to 2,100 TPD, aiming to become India's second-largest producer in its sector. Management remains optimistic about future quarters, expecting normalized operations and potential improvements in market conditions.
30May 25
SANSTAR's Q4 Profit Dips 66% Amid Revenue Decline
SANSTAR's Q4 financial results show a significant downturn. Net profit dropped 66% to ₹55.00 crore from ₹162.00 crore in the previous year. Revenue decreased by 11.54% to ₹230.00 crore from ₹260.00 crore. This substantial decline in both profit and revenue may raise concerns about the company's current market position and operational efficiency.