DALMIASUGDalmia Bharat Sugar And Industries Ltd.
Dalmia Bharat Sugar And Industries Q2 FY27 Results: Consolidated Net Profit ₹68.40 Crore on Total Income of ₹1,090 Crore
- Earnings
- Sugar and distillery
Reviewed byRachit TripathiBlacklitt Research
Dalmia Bharat Sugar And Industries (NSE: DALMIASUG) reported total income of ₹1,090.36 crore for the quarter ended 30 Sep 2026 on a consolidated basis, with net profit of ₹68.40 crore. Standalone total income was the same at ₹1,090.36 crore, and standalone net profit was ₹70.61 crore. Its board approved the results on 3 Nov 2026, it said in a filing on 03 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,090.36 crore, up 8.1% YoY and 24.5% QoQ
- Net profit: ₹68.40 crore, up 193.3% YoY and 889.9% QoQ
- EPS: ₹8.45 basic for the quarter, against ₹2.88 a year earlier
- Finance costs: ₹15.57 crore, against ₹10.23 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,090.36 crore, up 8.1% YoY and 24.5% QoQ
- Net profit: ₹70.61 crore, up 202.8% YoY and 723.9% QoQ
- EPS: ₹8.72 basic for the quarter, against ₹2.88 a year earlier
- Finance costs: ₹14.73 crore, against ₹10.23 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,090.36 | 1,008.44 | +8.1% | 875.71 | +24.5% | |
| Revenue from operations | 1,060.81 | 988.72 | +7.3% | 848.19 | +25.1% |
| Other income | 29.55 | 19.72 | +49.8% | 27.52 | +7.4% |
| 68.40 | 23.32 | +193.3% | 6.91 | +889.9% | |
| Profit before tax | 92.52 | 31.26 | +196.0% | 9.83 | +841.2% |
| Finance costs | 15.57 | 10.23 | +52.2% | 26.58 | -41.4% |
| Depreciation | 35.16 | 34.46 | +2.0% | 34.40 | +2.2% |
| Tax expense | 24.12 | 7.94 | +203.8% | 2.92 | +726.0% |
| Net profit margin | 6.27% | 2.31% | +3.96 pp | 0.79% | +5.48 pp |
| EPS, basic (₹) | 8.45 | 2.88 | +193.4% | 0.85 | +894.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Profit grew much faster than income. Consolidated net profit rose 193.3% to ₹68.40 crore while total income rose 8.1%, and profit before tax rose 196.0% to ₹92.52 crore. Revenue from operations grew 7.3% to ₹1,060.81 crore, and other income rose 49.8% to ₹29.55 crore, equal to 2.7% of total income and 31.9% of profit before tax.
Tax took ₹24.12 crore of the ₹92.52 crore pre-tax profit, a rate of 26.1%, against ₹7.94 crore a year earlier. Finance costs of ₹15.57 crore were 1.4% of total income, up from ₹10.23 crore in the year-earlier quarter, and below the ₹26.58 crore of the quarter before.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,090.36 | 1,008.44 | +8.1% | 875.71 | +24.5% | |
| Revenue from operations | 1,060.81 | 988.72 | +7.3% | 848.19 | +25.1% |
| Other income | 29.55 | 19.72 | +49.8% | 27.52 | +7.4% |
| 70.61 | 23.32 | +202.8% | 8.57 | +723.9% | |
| Profit before tax | 94.73 | 31.26 | +203.0% | 11.49 | +724.5% |
| Finance costs | 14.73 | 10.23 | +44.0% | 25.77 | -42.8% |
| Depreciation | 34.58 | 34.46 | +0.3% | 34.17 | +1.2% |
| Tax expense | 24.12 | 7.94 | +203.8% | 2.92 | +726.0% |
| Net profit margin | 6.48% | 2.31% | +4.16 pp | 0.98% | +5.50 pp |
| EPS, basic (₹) | 8.72 | 2.88 | +202.8% | 1.06 | +722.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 202.8% to ₹70.61 crore on total income up 8.1%, and profit before tax rose 203.0% to ₹94.73 crore. Standalone finance costs of ₹14.73 crore were 1.4% of total income, and depreciation of ₹34.58 crore was broadly flat on the year-earlier ₹34.46 crore.
Standalone profit is ₹2.21 crore higher than consolidated net profit of ₹68.40 crore. The statement's consolidated results include Eagle Agrotech Holdings Limited and its step-down subsidiary Eagle Agrotech Tanzania Limited.
The standalone tax charge was ₹24.12 crore, the same as the consolidated figure, a rate of 25.5% of profit before tax.
The board also approved, on 3 Nov 2026, a Scheme of Arrangement under which Hippostores Technology Private Limited would demerge an undertaking into the company. The company would issue 6,74,90,002 redeemable preference shares of face value ₹10 each, aggregating ₹67.49 crore, to eligible shareholders of the demerged company. The appointed date is 1 Jan 2027, subject to NCLT and other approvals. The scheme says the preference shares carry an 8% per annum non-cumulative dividend, a 20-year tenure and will not be listed.
The board also approved an investment of up to USD 22.70 million in Dalmia Bharat Global Holdings Limited, a UAE wholly owned subsidiary incorporated on 14 Oct 2026. The company's notes say the investment is to hold its foreign investments.
Inference
The filing says the scheme's demerged undertaking had turnover of ₹80.70 crore in FY 2025-26, against total turnover of the company of ₹3,618.08 crore, about 2% of it. The filing does not say how the preference shares' value was arrived at beyond the share-entitlement ratio, or how the USD 22.70 million investment will be funded.
The company paid ₹12.14 crore of dividends in the half year ended 30 Sep 2026. The auditors' limited review of both statements is unmodified, apart from reliance on other auditors for two foreign subsidiaries.
Filed with BSE on . Reference: Original filing (PDF)
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