Dwarikesh Sugar Industries Q1 FY25 results (Apr–Jun 2024) and concall

Dwarikesh Sugar faced a challenging Q1 FY25, reporting a significant 40.28% YoY revenue decline to INR 341 crores and a loss after tax of INR 9.73 crores. This was primarily driven by the early closure of the sugar season, leading to no crushing activity, and government restrictions on ethanol production, which severely impacted sales volumes for both sugar and industrial alcohol. Despite these operational setbacks, sugar prices saw a 6.23% increase, and the company anticipates a recovery in the coming quarters with the expected resumption of the ethanol blending program and improved cane vari