Dalmia Bharat Sugar Q2 Net Profit Up 203% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 of SEBI Listing Regulations

Audit Opinion:

Clean opinion - Statutory auditors NSBP & Co. issued an unmodified limited review report stating nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Key Financial Highlights [₹ in Crore]:

Standalone Results:

Quarter ended September 30, 2026:

Revenue from Operations: ₹1,060.81 (vs ₹988.72 in Q2 FY26, +7.3% YoY)
Total Income: ₹1,090.36 (vs ₹1,008.44 in Q2 FY26, +8.1% YoY)
Net Profit: ₹70.61 (vs ₹23.32 in Q2 FY26, +203% YoY)
EPS: ₹8.72 (vs ₹2.88 in Q2 FY26)

Half Year ended September 30, 2026:

Revenue from Operations: ₹1,909.00 (vs ₹1,929.60 in H1 FY26, -1.1% YoY)
Total Income: ₹1,966.07 (vs ₹1,960.26 in H1 FY26, +0.3% YoY)
Net Profit: ₹79.18 (vs ₹62.58 in H1 FY26, +26.6% YoY)
EPS: ₹9.78 (vs ₹7.73 in H1 FY26)

Financial Position as at September 30, 2026:

Paid-up Equity Share Capital: ₹16.19 crore
Other Equity: ₹3,269.70 crore
Cash and Cash Equivalents: ₹317.76 crore
Bank Balances (other than cash equivalents): ₹269.55 crore
Total Borrowings: ₹1,280.16 crore (Current) + ₹459.42 crore (Non-current) = ₹1,739.58 crore

Consolidated Results:

Quarter ended September 30, 2026:

Revenue from Operations: ₹1,060.81
Total Income: ₹1,090.36
Net Profit: ₹75.31 (Attributable to owners: ₹69.49)
EPS: ₹8.45

Half Year ended September 30, 2026:

Revenue from Operations: ₹1,909.00
Total Income: ₹1,966.07
Net Profit: ₹68.40 (Attributable to owners: ₹77.21)
EPS: ₹9.30

Financial Position as at September 30, 2026:

Paid-up Equity Share Capital: ₹16.19 crore
Other Equity: ₹3,266.35 crore
Cash and Cash Equivalents: ₹94.65 crore
Bank Balances (other than cash equivalents): ₹269.55 crore
Total Borrowings: ₹77.56 crore (Current) + ₹473.92 crore (Non-current) = ₹551.48 crore

Segment-wise Performance [₹ in Crore]:

Standalone Segment Revenue (Q2 FY27):

Sugar: ₹769.00 (72.5% of total)
Distillery: ₹327.25 (30.8% of total)
Others: ₹3.34 (0.3% of total)

Standalone Segment Results (Q2 FY27):

Sugar: ₹79.22 profit
Distillery: ₹28.37 profit
Others: ₹1.87 profit

Consolidated Segment Revenue (Q2 FY27):

Sugar: ₹769.00
Distillery: ₹327.25
Others: ₹3.34

Consolidated Segment Results (Q2 FY27):

Sugar: ₹77.85 profit
Distillery: ₹28.37 profit
Others: ₹1.87 profit

Corporate Actions:

Demerger Scheme:

Approved scheme of arrangement between Hippostores Technology Private Limited (HTPL) and Dalmia Bharat Sugar and Industries Limited (DBSIL)
Demerger of HTPL's agri-tech business (multi-supplier aggregation, AI/ML driven optimization, technology-led solutions) into DBSIL
Appointed Date: January 01, 2027
Consideration: Issue of 6,74,90,002 fully paid-up Redeemable Preference Shares of face value ₹10 each to HTPL shareholders
Share entitlement ratio:
1,588 RPS for every 10,000 Series A OCRPS of HTPL
1 RPS for every OCRPS of HTPL
1 RPS for every 70,00,000 equity shares of HTPL
RPS terms: 8% non-cumulative dividend, 20-year tenure, non-convertible, not proposed to be listed

Investment Approval:

Approved investment of up to USD 22.70 million in Dalmia Bharat Global Holdings Limited (DBGHL), a wholly owned subsidiary in UAE
Purpose: To hold Company's present and future foreign investments, including 51% investment in Eagle Agrotech Holdings Limited
Funding for Tanzania project: Sugarcane plantation and setting up of sugar manufacturing unit of 3500 TCD with co-gen facility of 20 MW
Timeline: 2-3 years for completion

Other Significant Information:

Due to seasonal nature of the industry, quarterly results may not reflect annual profitability
The demerged undertaking of HTPL had turnover of ₹80.70 crore in FY26 (2% of DBSIL's turnover)
Foreign subsidiaries included in consolidation: Eagle Agrotech Holdings Limited and Eagle Agrotech Tanzania Limited
Previous periods' figures have been regrouped/reclassified for comparability