Dwarikesh Sugar to Hold 31st AGM on August 19; Annual Report Released

Dwarikesh Sugar Industries Limited has announced that its 31st Annual General Meeting (AGM) will be held on Tuesday, August 19, 2025, at 12:15 p.m. at the registered office of the Company at Dwarikesh Nagar, District Bijnor, Uttar Pradesh. The company has also released its Annual Report for the financial year 2024-25.

The company faced a challenging year in 2024-25 due to a decline in cane availability and the impact of red rot disease, which affected cane crushing volumes and overall revenues. Despite these challenges, Dwarikesh Sugar remained profitable and focused on resilience and sustainable growth.Financial Performance

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 PerformanceThe 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.

Key Financial MetricsMetricFY22FY23FY24

FY25

Revenue (₹ crore)1,7101,9792,103

1,359EBITDA (₹ crore)229294217

120Net Profit (₹ crore)84155105

23EBITDA Margin (%)14.8610.8712.67

8.82Gearing Ratio0.380.370.26

0.18Average Debt Cost (%)4.604.523.96

3.15Interest Cover Ratio7.767.146.21

4.90Net Worth (₹ crore)821.48806.22739.20

673.29

Operational Data

Operational PerformanceMetricFY21FY22FY23FY24

FY25

Sugar Cane Crushed (lakh tonnes)39.7138.2137.3936.66

26.30Sugar Produced (lakh tonnes)4.593.963.523.30

2.10Power Generated (lakh units)3,1663,0893,0133,019

2,070

Key Highlights and Initiatives

• 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.

Management Commentary

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.

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