NSE Symbol

DAVANGERE

Financial Results Summary

Standalone Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹73.73 crore (vs ₹48.77 crore in Q2 FY26)
  • Profit/(Loss) Before Tax: (₹5.83) crore loss (vs ₹3.33 crore profit)
  • Net Profit/(Loss) for the period: (₹6.13) crore loss (vs ₹2.63 crore profit)
  • Earnings Per Share (Basic): (₹0.044) (vs ₹0.018)

Standalone Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹108.93 crore (vs ₹73.30 crore in H1 FY26)
  • Profit/(Loss) Before Tax: (₹4.55) crore loss (vs ₹5.06 crore profit)
  • Net Profit/(Loss) for the period: (₹5.15) crore loss (vs ₹3.93 crore profit)
  • Earnings Per Share (Basic): (₹0.038) (vs ₹0.028)

Consolidated Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹73.16 crore (vs ₹48.19 crore in Q2 FY26)
  • Profit Before Tax: ₹4.03 crore (vs ₹3.33 crore)
  • Net Profit for the period: ₹3.54 crore (vs ₹2.63 crore)
  • Earnings Per Share (Basic): ₹0.025 (vs ₹0.018)

Consolidated Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹108.93 crore (vs ₹73.30 crore in H1 FY26)
  • Profit Before Tax: ₹5.31 crore (vs ₹5.06 crore)
  • Net Profit for the period: ₹4.68 crore (vs ₹3.93 crore)
  • Earnings Per Share (Basic): ₹0.026 (vs ₹0.028)

Key Financial Metrics

Expenses (Standalone H1 FY27)

  • Cost of materials consumed: ₹595.31 lakh
  • Employee benefits expense: ₹396.21 lakh
  • Finance Cost: ₹2,474.03 lakh
  • Depreciation and amortisation: ₹635.38 lakh
  • Other expenses: ₹932.80 lakh
  • Power & Fuel: ₹425.92 lakh

Segment-Wise Revenue (Standalone H1 FY27)

  • Sugar: ₹229.72 lakh
  • Distillery: ₹8,335.72 lakh
  • Others: ₹260.37 lakh
  • Co-Generation: ₹0.00 lakh
  • Aviation: ₹0.00 lakh

Segment-Wise Results (Standalone H1 FY27)

  • Sugar Segment Loss: ₹253.93 lakh
  • Co-Generation Segment Loss: ₹395.58 lakh
  • Aviation Segment Loss: ₹49.20 lakh
  • Distillery Segment Profit: ₹2,717.55 lakh

Capital Structure Changes

  • Paid-up Equity Share Capital: Increased to ₹169.59 lakh as of September 30, 2026 (from ₹142.99 lakh as of March 31, 2026)
  • Other Equity: Increased to ₹432.49 lakh (from ₹361.81 lakh)

Significant Balance Sheet Changes (Standalone)

  • Total Assets: Increased to ₹16,715.51 lakh (from ₹8,393.53 lakh)
  • Investments: Increased significantly to ₹8,220.28 lakh (from ₹5.39 lakh)
  • Inventories: ₹1,955.20 lakh (vs ₹2,104.52 lakh)
  • Borrowings (Non-current): Increased to ₹675.00 lakh (from ₹324.96 lakh)
  • Borrowings (Current): ₹1,973.45 lakh (vs ₹2,175.48 lakh)
  • Other Long Term Liabilities: Increased substantially to ₹7,967.98 lakh (from ₹539.55 lakh)

Cash Flow Statement Highlights (Standalone H1 FY27)

  • Net cash used in operating activities: (₹256.87) lakh
  • Net cash used in investing activities: (₹8,171.64) lakh, primarily due to investments in subsidiary (₹8,175.40 lakh)
  • Net cash from financing activities: ₹8,242.52 lakh, primarily from proceeds of FCCB (₹8,094.01 lakh)
  • Net decrease in cash: (₹0.97) lakh

Significant Event: FCCB Issuance

The company issued Foreign Currency Convertible Bonds (FCCB) amounting to ₹8,094.01 crore, which is reflected in the financing activities and has significantly increased long-term liabilities.

Investment in Subsidiary

The company made a substantial investment of ₹8,175.40 lakh in a subsidiary company, which is the primary reason for the significant cash outflow in investing activities.

Subsidiary Information

  • Aurevant Global Ltd (UK): The subsidiary company reflected total net assets of ₹7,678.35 lakh as of September 30, 2026, with total revenue of ₹0.65 lakh and net profit of ₹0.47 lakh for the period.

Auditor's Review

The statutory auditors, FORDGM S & Co., have issued a limited review report stating that nothing has come to their attention that causes them to believe the financial results contain any material misstatement.

Seasonal Nature Disclosure

The company notes that due to the seasonal nature of the industry, results for any quarter may not be an appropriate reflection of annual profitability.