Press Release for the Standalone Audited Financial Results for the Fourth Quarter and Year Ended on 31st March, 2026
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 27 May 2026, 02:14 PM IST · BSE ID: 7868cb1a-39f9-49a0-831e-4ba61cac5fe9
View Original BSE Filing (PDF)
⚡ Quick Answer
Sanstar Ltd announced its standalone audited financial results for FY2026 on 27th May 2026, reporting a full-year Revenue from Operations of Rs. 7,846 Mn. The company also highlighted a 7.4% quarter-on-quarter revenue growth for Q4 FY26, reaching Rs. 2,168 Mn. Sanstar's full-year Profit After Tax (PAT) was Rs. 345 Mn, with a healthy margin of 4.4%.
💡
In Simple Terms
The company announced its annual and quarterly financial results, with full-year revenue of Rs. 7,846 Mn and increased plant capacity.
🤖 AI Summary
- Sanstar Ltd reported standalone audited financial results for Q4 and FY2026, filed under Regulation 30.
- Full-year FY2026 Revenue from Operations was Rs. 7,846 Mn, with PAT at Rs. 345 Mn.
- Q4 FY26 Revenue from Operations reached Rs. 2,168 Mn, showing a 7.4% Quarter-on-Quarter growth.
- The company's Dhule facility commissioned expanded native starch manufacturing capacity to 1,250 TPD.
- Total installed crushing capacity for Sanstar Ltd increased to 2,350 TPD across two facilities.
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY2026 Revenue from Operations
Rs. 7,846 Mn
(17.7)%
Q4 FY26 Revenue from Operations
Rs. 2,168 Mn
Q4 FY26 EBITDA
Rs. 194 Mn
FY2026 Export Revenue
Rs. 2,657 Mn
Total Installed Capacity
2,350 TPD
Capex Incurred
Rs. 225 crore
🏢 How This Affects the Company
The company's total installed crushing capacity increased to 2,350 TPD, making it India's second-largest maize-based specialty products manufacturer. This expansion supports diversification into higher value-added derivatives planned for FY2026-27.
FY2026 Gross Profit Margin improved to 30.1% from 25.6% in the previous year, supported by operating efficiencies and improved product mix. Q4 FY26 PAT margins also improved to 9.5% from 6.8% in the previous quarter.
The Dhule facility's expanded native starch manufacturing capacity to 1,250 TPD and upcoming derivatives facility will enhance operational scale and product portfolio. The company incurred a total capex of about Rs. 225 crore for capacity enhancement.
Short-term native starch pricing pressure from Chinese exports impacted realizations in the first half of FY2026. However, long-term industry drivers like import restrictions and rising Indian demand may mitigate future pricing risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results disclosure.
👤
Who Is Affected
All shareholders are affected by the company's financial performance in FY2026, including the Revenue from Operations of Rs. 7,846 Mn and PAT of Rs. 345 Mn. Operational developments like the Dhule plant expansion to 1,250 TPD also impact future value.
🔍
Management Signal
Management is focused on capacity expansion and operational efficiency to improve margins and diversify product offerings, as evidenced by Rs. 225 crore capex and upcoming derivatives facility.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Commissioning of the derivatives facility at Dhule in FY2026-27.
Q1 FY27 financial results to assess sustained operational recovery.
Update on product diversification and margin stability from new derivatives facility.
MEDIUM RISK
Persistent pricing pressure in the native starch segment and geopolitical uncertainties pose market risks.
💡 Investor Takeaway
Sanstar Ltd reported FY2026 Revenue from Operations of Rs. 7,846 Mn and a PAT of Rs. 345 Mn. Q4 FY26 Revenue was Rs. 2,168 Mn, growing 7.4% QoQ, with PAT at Rs. 205 Mn. The Dhule native starch capacity was expanded to 1,250 TPD, increasing total capacity to 2,350 TPD.
⚖️ Strengths & Concerns
✅ Positives
- Full-year FY2026 Gross Profit Margin improved to 30.1% from 25.6% in the previous year, reflecting better operating efficiencies.
- Total installed crushing capacity increased to 2,350 TPD post Dhule expansion, positioning Sanstar as India’s #2 maize-based specialty products manufacturer.
⚠️ Concerns
- FY2026 Revenue from Operations was Rs. 7,846 Mn, indicating a (17.7)% YoY change.
- Native starch segment experienced pricing pressure for a significant part of FY2026 due to Chinese exports into Southeast Asian markets.
❓ Frequently Asked Questions
What was Sanstar Ltd's total Revenue from Operations for FY2026?
Sanstar Ltd reported a Revenue from Operations of Rs. 7,846 Mn for the full year ended 31st March, 2026.
What was Sanstar Ltd's Revenue from Operations for Q4 FY26?
The Revenue from Operations for Sanstar Ltd in Q4 FY26 was Rs. 2,168 Mn, which represents a 7.4% Quarter-on-Quarter growth.
What was Sanstar Ltd's Profit After Tax (PAT) for the full year FY2026?
Sanstar Ltd's full-year Profit After Tax (PAT) for FY2026 stood at Rs. 345 Mn, achieving a margin of 4.4%.
What is Sanstar Ltd's total installed capacity?
Sanstar Ltd has a total installed capacity of 2,350 Tonnes Per Day (TPD).
How much Capex did Sanstar Ltd incur?
Sanstar Ltd incurred a Capital Expenditure (Capex) of Rs. 225 crore.
Questions based on this BSE filing only. For information purposes.