Dalmia Bharat Sugar and Industries Limited Earnings Summary — Q1 FY2027
Dalmia Bharat Sugar Reports Significant Profit Decline in Q1 FY2027 Amid Higher Operating Costs
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 14.4% sequentially in Q1 FY2027.
- Revenue of ₹848 Cr is 9.9% lower year-on-year.
- Revenue has compounded at 5.6% annualised over the last 10 quarters.
- Net profit of ₹8 Cr is 80.3% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -66.6% annualised across the period.
- Operating margin stands at 5.1% in Q1 FY2027.
- Operating margin compressed by 443 bps year-on-year.
- Over the last two years operating margin has contracted by 648 bps.
- PBT margin is 1.2%.
- Expenses grew -5.4% against revenue growth of -9.9%.
- Operating profit of ₹43 Cr is 51.7% lower year-on-year.
- Operating leverage has been under pressure recently.
- 2 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 22/100 (Weak) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 848 | 991 | 698 | 989 | 941 | 1,016 | 838 | 926 | 960 | 750 |
| Expenses | Improving | 805 | 821 | 588 | 932 | 851 | 818 | 737 | 861 | 849 | 631 |
| Operating Profit | Volatile | 43 | 170 | 109 | 56 | 90 | 197 | 101 | 66 | 111 | 119 |
| Operating Margin | Volatile | 5.1% | 17.2% | 15.7% | 5.7% | 9.5% | 19.4% | 12.1% | 7.1% | 11.6% | 15.8% |
| Other Income | Accelerating | 28 | 34 | 29 | 20 | 11 | 16 | 19 | 16 | 16 | 37 |
| Interest | Volatile | 27 | 25 | 12 | 10 | 16 | 16 | 9 | 12 | 26 | 16 |
| Depreciation | Stable | 34 | 37 | 33 | 34 | 32 | 38 | 35 | 32 | 26 | 33 |
| Profit Before Tax | Volatile | 10 | 143 | 93 | 31 | 53 | 160 | 76 | 38 | 75 | 107 |
| Tax | Volatile | 3 | 39 | 23 | 8 | 13 | -39 | 16 | -28 | 20 | 15 |
| Net Profit | Volatile | 8 | 104 | 70 | 23 | 39 | 199 | 59 | 66 | 55 | 91 |
| Net Margin | Volatile | 0.9% | 10.5% | 10.0% | 2.4% | 4.2% | 19.6% | 7.1% | 7.1% | 5.7% | 12.2% |
Key Takeaways
- Net profit witnessed a sharp 82.15% YoY decline to ₹7.01 crore, primarily driven by higher operational expenses and finance costs.
- Consolidated revenue from operations contracted by 9.85% YoY to ₹848.19 crore, reflecting lower quarterly volumes.
- The Distillery segment reported revenue of ₹217.15 crore, significantly down from ₹326.39 crore in the same quarter last year.
- Finance costs increased substantially to ₹26.51 crore compared to ₹15.97 crore in Q1 FY26, impacting the bottom line.
- Sugar segment revenue remained the primary driver at ₹735.43 crore, though it saw a slight seasonal sequential dip.
- The company reported a Total Comprehensive Loss of ₹14.43 crore for the quarter, weighed down by negative movements in other comprehensive income.
- Segment assets for the distillery business grew to ₹1,438.81 crore, indicating ongoing capital deployment in this vertical.
Management Guidance
Management remains focused on the ethanol blending program to mitigate sugar cyclicality, though recent results were impacted by seasonal industry nature and regulatory pricing environments.
Sentiment Shift
Deteriorating
A sharp contraction in net margins and a substantial increase in finance costs indicate rising pressure on profitability compared to the prior year.
Outlook
The outlook remains cautious as the company navigates high debt levels (₹1,803 Cr in FY26) and volatile sugar recovery rates, balanced by a strategic shift toward distillery expansion and geographic diversification into Tanzania.
From the Annual Report (Key Quotes)
“Due to seasonal nature of the industry, the standalone financial results for any quarter may not be true and appropriate reflection of the annual profitability.”
“The statutory auditors have carried limited review of these consolidated financial results.”
“Revenue from exports remained modest at ₹10.07 crore during the quarter.”
Official Quarterly Documents
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This summary is AI-generated from Dalmia Bharat Sugar and Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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