Dalmia Bharat Sugar Q2 Results | Net profit dives 56% to ₹23 crore despite 7% revenue growth

Dalmia Bharat Sugar and Industries Ltd on Tuesday (November 4) reported a 56.3% year-on-year decline in net profit to ₹23.32 crore for the quarter ended September 2025, compared with ₹53.37 crore in the same period last year. Revenue for the quarter grew 7.4% year-on-year to ₹988.7 crore from ₹920.3 crore in Q2FY25.Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 16.8% year-on-year to ₹56 crore from ₹67.3 crore in the corresponding quarter last year. The company’s EBITDA margin stood at 5.6%, down from 7.3% in Q2FY25.

Sugar sales for the quarter stood at 1.8 lakh metric tonnes (LMT), up 2% YoY, with an average sugar net selling rate (NSR) of ₹39.91 per kg, marking a 4% rise compared to the same period last year. Distillery volume for the quarter reached 4.02 crore litres, up 3% YoY.Also Read: Dalmia Bharat Sugar gets ₹120 crore relief as Madras HC quashes surface rights demands

For the half year ended September 30, 2025, the company recorded total revenue of ₹1,930 crore, up 3% year-on-year. Sugar sales for the period stood at 3.2 LMT, down 6% YoY, while the average sugar NSR increased 4% to ₹39.86 per kg. Distillery volumes grew 12% YoY to 9.17 crore litres.

Despite higher sugar cost of production due to the FRP hike in Maharashtra, lower sugar recovery, and reduced operations in cane-based distilleries, Dalmia Bharat Sugar reported a net loss of ₹63 crore for the six months ended September 30, 2025. This performance was supported by higher sugar NSR, increased volumes in grain distilleries, and the power tariff revision by UPERC effective April 1, 2024.

Shares of Dalmia Bharat Sugar and Industries Ltd ended at ₹340.00, up by ₹8.65, or 2.61%, on the BSE.

Also Read: Sweet Day — Here is why sugar stocks like Balrampur, Dalmia Bharat Sugar surged up to 13% in trade