Dwarikesh Sugar Industries Limited Earnings Summary — Q1 FY2027
Dwarikesh Sugar Reports Q1 Loss Amidst Sharp Decline in Distillery Revenue and Operational De-stocking
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 39.4% sequentially in Q2 FY2011.
- Revenue of ₹87 Cr is 8.1% lower year-on-year.
- Revenue has compounded at -17.6% annualised over the last 10 quarters.
- Net profit of ₹-27 Cr is 1792.9% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 59.6% annualised across the period.
- Operating margin stands at -16.2% in Q2 FY2011.
- Operating margin compressed by 4360 bps year-on-year.
- PBT margin is -39.9%.
- Expenses grew 47.0% against revenue growth of -8.1%.
- Operating profit of ₹-14 Cr is 154.2% lower year-on-year.
- Operating leverage has been under pressure recently.
- 2 of the last 4 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 20/100 (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 Q2 FY2011 | Q1 FY2011 | Q4 FY2010 | Q3 FY2010 | Q2 FY2010 | Q1 FY2010 | Q4 FY2009 | Q3 FY2009 | Q1 FY2019 | Q4 FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 87 | 144 | 159 | 165 | 95 | 154 | 91 | 122 | — | — |
| Expenses | Volatile | 101 | 116 | 160 | 115 | 69 | 116 | 60 | 93 | — | — |
| Operating Profit | Volatile | -14 | 28 | -1 | 50 | 26 | 38 | 31 | 30 | — | — |
| Operating Margin | Volatile | -16.2% | 19.5% | -0.4% | 30.1% | 27.4% | 24.6% | 34.0% | 24.3% | — | — |
| Other Income | Volatile | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | — | — |
| Interest | Stable | 13 | 13 | 11 | 9 | 11 | 16 | 18 | 16 | — | — |
| Depreciation | Stable | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 9 | — | — |
| Profit Before Tax | Volatile | -35 | 7 | -19 | 33 | 7 | 14 | 6 | 5 | — | — |
| Tax | Volatile | -8 | — | 4 | — | 8 | — | -2 | — | — | — |
| Net Profit | Volatile | -27 | 7 | -23 | 33 | -1 | 14 | 8 | 5 | — | — |
| Net Margin | Volatile | -30.7% | 5.1% | -14.5% | 20.3% | -1.5% | 9.3% | 8.4% | 3.7% | — | — |
Key Takeaways
- Dwarikesh Sugar slid into a significant loss of ₹25.73 Cr in Q1 FY2027 compared to a profit of ₹9.38 Cr in the same quarter last year.
- The Distillery segment suffered a massive 63.9% YoY revenue decline, falling to ₹48.26 Cr from ₹133.66 Cr in Q1 FY2026.
- Sugar segment revenue showed resilience, growing slightly to ₹320.57 Cr from ₹314.19 Cr YoY, but segment results turned to a loss of ₹28.24 Cr.
- Inventory adjustments significantly impacted the P&L, with a massive increase in finished goods/WIP of ₹332.52 Cr compared to a decrease in the prior quarter.
- Finance costs decreased notably by 51.9% QoQ to ₹2.98 Cr, indicating some relief in debt servicing or utilization levels.
- The company's performance remains highly seasonal, with management noting that quarterly results are not a proportionate reflection of annual performance.
Management Guidance
Management highlighted the seasonal nature of the industry and continued their strategic focus on transitioning toward a bio-energy aligned business model, despite current cyclical headwinds in the sugar and distillery segments.
Sentiment Shift
Deteriorating
The transition from a substantial profit in the previous quarter to a deep loss, primarily driven by a collapse in distillery revenue and sugar segment margins, indicates a sharp operational downturn.
Outlook
The outlook is pressured by high quarterly profit volatility and sensitivity to regulatory/raw material shifts. While the ethanol transition is a long-term goal, current margins are heavily impacted by inventory valuations and segment underperformance.
From the Annual Report (Key Quotes)
“Given the seasonal nature of the industry, the results of any quarter may not be a true and /or proportionate reflection of the annual performance of the Company.”
“Profit/(loss) before exceptional items and tax for Q1 stood at ₹(3,437.63) Lakhs.”
Official Quarterly Documents
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This summary is AI-generated from Dwarikesh Sugar Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.