Dalmia Bharat Sugar Q3FY25: Revenue down 8.3% QoQ

What the latest quarterly update shows

Dalmia Bharat Sugar & Industries flagged a softer quarter-on-quarter performance for the quarter ended December (Q3FY25), even as the year-on-year base looked stronger. Consolidated revenues fell 8.3% QoQ, while rising 41.6% YoY, as per the update. Expenses eased on a sequential basis but increased sharply compared with the year-ago period. Profitability remained under pressure, with net profit down both sequentially and annually. The company’s EPS for the quarter stood at 7.3.

Revenue and cost trend in Q3FY25

The company reported that consolidated revenues declined 8.3% QoQ in the December quarter (Q3FY25). On a YoY basis, revenue growth was reported at 41.6%. Expenses were down 12.9% QoQ, which suggests some cost control or normalization versus the previous quarter. But expenses rose 53.2% YoY, indicating a materially higher cost base versus the comparable period. These contrasting moves help explain why a strong YoY revenue growth did not translate into better earnings. The December quarter therefore reflected mixed operating signals rather than a clean improvement.

Profit and EPS: sequential and annual decline

Net profit for the quarter decreased 10.1% QoQ and decreased 8.3% YoY. The reported direction of profit indicates that margins did not keep pace with revenue, especially on a YoY comparison where expenses were materially higher. EPS was reported at 7.3 during Q3FY25. Taken together, the data points to pressure on profitability despite the reported YoY revenue growth. Investors typically track whether margin recovery follows once costs stabilize, but the update here only confirms the decline.

Full-year snapshot cited in the dataset

For the full year FY2026–2027, the dataset states revenue reached ₹3,711.76 crore and profit touched ₹235.66 crore. This provides a reference point for scale and earnings power across a full year rather than a single quarter. The same dataset also lists multiple yearly revenue and profit figures, indicating the company’s performance has varied across years. However, the quarterly swings highlight that seasonality and cost cycles can drive large changes in quarterly profitability.

Quarterly financials available for FY25-FY26 (selected)

The dataset includes a quarterly table (figures in ₹ crore) covering Mar 2025 to Mar 2026, with net sales and profit after tax among the key line items. Net sales ranged from ₹697.75 crore (Dec 2025) to ₹1,015.52 crore (Mar 2025) in the periods shown. Profit after tax in the same table ranged from ₹23.32 crore (Sep 2025) to ₹198.76 crore (Mar 2025). Interest and depreciation are also listed, providing context for how operating profit converted into profit before tax and net profit.

Q1 (Jun 2025) vs Q4 (Mar 2026) comparison points

A separate comparison table in the dataset provides a QoQ view between Jun 2025 and Mar 2026 for select metrics. Total revenue is shown at ₹942.87 crore in Jun 2025 versus ₹990.73 crore in Mar 2026, a decline of 5.43% QoQ for Jun 2025 when compared against Mar 2026 in the table format. Net income is listed at ₹38.37 crore (Jun 2025) versus ₹104.47 crore (Mar 2026), indicating a weaker profit quarter in Jun 2025 on that comparison. Operating income is shown at ₹53.52 crore (Jun 2025) versus ₹133.33 crore (Mar 2026). The dataset also reports diluted normalized EPS at 4.74 (Jun 2025) versus 12.80 (Mar 2026).

Stock snapshot: price, market cap and valuation references

The dataset lists Dalmia Bharat Sugar & Industries (NSE: DALMIASUG, BSE: 500097) with a current share price cited at ₹366.5. Market capitalisation is cited at about ₹2,966.43 crore based on the latest share price in the text. Another snapshot in the dataset cites CMP at ₹368 with market cap ₹3,043 crore and PE 12.9. A 12-month target range of ₹372-420 is also mentioned as an estimate in the dataset. These figures reflect how the stock is being tracked into the results season in the same source material.

What to watch in the upcoming results window

The dataset indicates Dalmia Bharat Sugar & Industries’ Q1 FY27 results are expected in the July-August 2026 window (noted as indicative). It also notes that detailed quarterly financials for this cycle may not yet be fully available via the cited data partners, and investors should track Screener.in and NSE/BSE filings directly for verified numbers. In practice, the most important items to track will be revenue, operating profit conversion, and whether costs normalise versus the YoY surge referenced for Q3FY25. Investors will also watch whether net profit stabilises after the sequential declines indicated in the quarter-ended December update.

Conclusion

The December quarter update (Q3FY25) points to a sequential slowdown for Dalmia Bharat Sugar & Industries, with revenue down 8.3% QoQ and net profit down 10.1% QoQ, alongside an EPS of 7.3. The dataset also provides quarterly and full-year context, including FY2026–2027 revenue of ₹3,711.76 crore and profit of ₹235.66 crore. With the next results expected in the July-August 2026 window (indicative), the next set of filings should clarify whether costs and margins improve from the recent pattern.