Sanstar Q1 FY27 Revenue Up 21.5% YoY to ₹2,062 Mn; Capacity Expansion Completed
Sanstar Limited's Q1 FY27 revenue rose 21.5% YoY to ₹2,062 million. The company completed a significant capacity expansion at its Dhule plant, increasing total capacity to 2,350 TPD. A preferential allotment raised ₹1,983 million from Ingredion's subsidiary. A 3 MW solar plant was commissioned at Kutch, expected to save ₹3 crore annually.
The substantial revenue growth, completion of a major capacity expansion, strategic partnership with Ingredion, and cost-saving solar power plant commission are all material developments expected to significantly impact the company's future performance and market position.
The company reported significant year-on-year growth in revenue and profits, along with the completion of a major capacity expansion and a strategic investment from a global player. The commissioning of a solar power plant also indicates a focus on cost savings and sustainability.
Sanstar Limited announced its Unaudited Standalone and Consolidated Financial Results for the First Quarter ended June 30, 2026. The company reported a significant increase in revenue from operations, which grew by 21.5% year-on-year to ₹2,062 million (₹206.2 crore) in Q1 FY2027, compared to ₹1,697 million (₹169.7 crore) in Q1 FY2026.
Gross Profit surged by 67.4% to ₹689 million (₹68.9 crore) with a margin improvement to 33.4% from 24.3% in the prior year period. EBITDA stood at ₹154 million (₹15.4 crore), a marked improvement from a negative EBITDA of ₹9 million (₹0.9 crore) in Q1 FY2026, resulting in an EBITDA margin of 7.5%. Profit After Tax (PAT) for the quarter was ₹92 million (₹9.2 crore), a significant turnaround from a loss of ₹3 million (₹0.3 crore) in the same quarter last year.
A key development during the quarter was the commissioning of the expanded native starch manufacturing capacity at Dhule, increasing the total installed manufacturing capacity from 1,100 TPD to 2,350 TPD. The derivatives facility at Dhule is expected to be commissioned in FY2026-27. Additionally, the company completed a preferential allotment, raising approximately ₹1,983 million (₹198.3 crore) from Corn Products Development Inc., a subsidiary of Ingredion Incorporated, which now holds approximately 9% of Sanstar Limited. This partnership aims to provide Sanstar access to Ingredion's global R&D infrastructure and technical expertise.
Furthermore, Sanstar commissioned a 3 MW solar power plant at its Kutch facility in August 2026 at an investment of approximately ₹7.5 crore. This plant is expected to meet around 40% of the facility's electricity requirements, leading to annual power cost savings of approximately ₹3 crore. This adds to the existing renewable energy capacity at the Dhule plant.
Looking ahead, the company will focus on ramping up utilization of the expanded Dhule capacity, commissioning the derivatives facility, increasing the contribution from value-added products, expanding market presence, and maintaining operating cost discipline. The company's Chairman and Managing Director, Mr. Gouthamchand Chowdhary, highlighted the improved operating performance and the completion of a key capacity expansion phase.
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