Sukhjit Starch & Chemicals Ltd (BOM:524542)
₹ 160.25 -1.55 (-0.96%) Market Cap: 5.01 Bil Enterprise Value: 7.59 Bil PE Ratio: 14.65 PB Ratio: 0.88 GF Score: 73/100

Q2 2026 Sukhjit Starch and Chemicals Ltd Earnings Call Transcript

Nov 13, 2025 / 10:00AM GMT
Release Date Price: ₹156.75 (+1.55%)

Key Points

Positve
  • Sukhjit Starch & Chemicals Ltd (BOM:524542) maintained healthy capacity utilization across all plants, supported by better maize procurement.
  • The company experienced steady improvement in demand from key sectors such as food processing, paper, and textiles.
  • Maize prices have started softening due to better arrivals from the kharif crop and supportive government policies, helping to moderate input costs.
  • The company implemented various cost optimization measures to improve yield and energy efficiency.
  • There are signs of sequential improvement in operating performance, setting a constructive tone for the second half of FY26.
Negative
  • Revenue from operations declined to INR312.68 crores in Q2 FY26 from INR367.20 crores in the previous quarter.
  • Net profit decreased to INR4.07 crores in Q2 FY26 from INR4.75 crores in the previous quarter.
  • The company faced challenges in export competitiveness due to raw material and excess supply issues.
  • Despite lower raw material costs, margins remained subdued due to defensive sales strategies and market hesitancy.
  • Consolidated revenue declined sequentially and year-on-year due to a combination of lower volumes and pricing pressure.
Operator

Ladies and gentlemen, good day, and welcome to The Sukhjit Starch & Chemicals Limited Q2 and H1 FY26 earnings conference call hosted by MUFG Intime. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Aman Setia. Thank you, and over to you, sir.

Aman Setia
Sukhjit Starch and Chemicals Ltd - Compliance Officer, Vice President - Finance, Company Secretary

Thank you, ma'am. Good evening, ladies and gentlemen. I, Aman Setia, Senior VP, Finance and Company Secretary of the The Sukhjit Starch & Chemicals Limited, extend a warm welcome to all of you joining us today to discuss our Q2 and H1 FY26 results. We appreciate your continued confidence in the company. Our results have been uploaded on the stock exchanges as well as our website for your kind reference.

Joining us today from the management team are Mr. Dhiraj Sardana, Senior VP and CEO; Mr. Bhavdeep Sardana, Senior VP and CEO; and Mr. Rakesh Chawla, Senior VP and CFO. To begin, I shall invite Mr.

Rakesh Chawla, to

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