Dwarikesh Sugar reported a revenue of ₹1,359 crore in FY25, a 20.53% decrease compared to the previous year. The EBITDA stood at ₹120 crore, with an EBITDA margin of 8.82%. The company's net worth was ₹673.29 crore. Despite the challenges, the company maintained a healthy interest coverage ratio of 4.90 and an average debt cost of 3.15%.
Operational Performance
The company crushed 26.30 lakh tonnes of sugarcane and produced 2.10 lakh tonnes of sugar. Power generation stood at 2,070 lakh units. Dwarikesh Sugar worked with approximately 1.45 lakh farmers across 0.92 lakh hectares.
| Metric | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue (₹ crore) | 1,710 | 1,979 | 2,103 | 1,359 |
| EBITDA (₹ crore) | 229 | 294 | 217 | 120 |
| Net Profit (₹ crore) | 84 | 155 | 105 | 23 |
| EBITDA Margin (%) | 14.86 | 10.87 | 12.67 | 8.82 |
| Gearing Ratio | 0.38 | 0.37 | 0.26 | 0.18 |
| Average Debt Cost (%) | 4.60 | 4.52 | 3.96 | 3.15 |
| Interest Cover Ratio | 7.76 | 7.14 | 6.21 | 4.90 |
| Net Worth (₹ crore) | 821.48 | 806.22 | 739.20 | 673.29 |
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sugar Cane Crushed (lakh tonnes) | 39.71 | 38.21 | 37.39 | 36.66 | 26.30 |
| Sugar Produced (lakh tonnes) | 4.59 | 3.96 | 3.52 | 3.30 | 2.10 |
| Power Generated (lakh units) | 3,166 | 3,089 | 3,013 | 3,019 | 2,070 |
- The company is focused on rapid replacement of diseased cane varieties to restore cane crushing and asset utilization.
- Dwarikesh Sugar invested ₹3.05 crore in CSR activities related to education, healthcare, and farmer awareness.
- The company reaffirmed its credit rating with ICRA, reflecting financial prudence and stakeholder confidence.
- Long-term debt was reduced, and the debt-equity ratio improved to 0.18.
The management remains optimistic about the future and is focused on returning the company to its former performance levels. The company is committed to farmer welfare and sustainable practices.
About Dwarikesh Sugar Industries Limited
Dwarikesh Sugar Industries Limited is a well-known brand in India's sugar industry with over three decades of experience. The company operates three manufacturing units in Uttar Pradesh and produces sugar, ethanol, and co-generated power. Dwarikesh is committed to delivering value to its stakeholders and maintaining high standards of corporate governance.
