BSECompany Update26 Oct 2026 · 26 Oct 2026, 11:50 am
Please find attached herewith Q2 Press Release.
Sayaji Industries Ltd · 540728
✦ AI Summary▲ PositiveResults
Sayaji Industries Ltd has announced its Q2FY27 financial results, with revenue at ₹264 Cr, up 6% YoY, and EBITDA of ₹16 Cr. The company has also divested its first tranche of idle land parcel for ₹73 Cr and expects to complete its Technology Modernisation and Automation Project by the end of Q3FY27.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Sayaji Industries Ltd - 540728 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 26th October, 2026
The Manager,
BSE Limited,
Phiroz Jeeboy Towers,
Dalal Street
Mumbai-400 001
Script Code: 540728
Dear Sir/Madam,
Subject: Submission of Investor Presentation for Q2 ended on 30th September, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor
Presentation of Sayaji Industries Limited for the quarter ended 30th September, 2026.
The presentation contains an overview of the Company's business, operational and financial
performance for Q2 ended on 30th September, 2026 and is being made available to investors
and stakeholders.
The aforesaid Investor Presentation is also being uploaded on the website of the Company.
Kindly take the same on your records.
For, Sayaji Industries Limited
Mr. Vishnu H Thaker
(Company secretary & Compliance Officer)
(ACS-60441)
(This is digitally signed document hence Stamp is not required.)
Sayaji Industries Limited
Maize Products, Chinubhai Nagar, P.O. Kathwada,
Ahmedabad – 382430, Gujarat, India
T: +91-79-22900881-85, 22901581-85
CIN No: L99999GJ1941PLC000471 E: maize@sayajigroup.in, W: www.sayajigroup.in
DETIMIL
SEIRTSUDNI
IJAYAS
PRESS & MEDIA RELEASE
Sayaji Industries Posts Healthy Performance in Q2FY27
Ahmedabad, 23rd October, 2026: Sayaji Industries Limited, a leading corn wet milling
and speciality food ingredients group in India, has announced its financial results for the
quarter ended 30 September 2026.
Consolidated Financial Highlights for Quarter Ended September 30, 2026
REVENUE EBITDA EBITDA Margin
₹264 Cr ₹16 Cr 6.2%
6% YoY 1,906% YoY 656 bps YoY
-9% QoQ -23% QoQ -113 bps QoQ
Commenting on the results, Priyam Mehta, Chairman and Managing
Director of Sayaji Industries Limited said:
“Sayaji Industries delivered a healthy performance in Q2FY27, continuing the momentum of the
last three quarters. Revenue for the quarter stood at ₹264 Cr, up 6% YOY, with an EBITDA of
₹16 Cr and an EBITDA margin of 6.2%. PAT stood at ₹3.1 Cr, compared with a loss of ₹9.2 Cr in
Q2FY26.
Margins saw some sequential compression during the quarter on account of higher input prices,
with EBITDA margin moderating from 7.3% in Q1FY27. The general food inflation environment,
along with a tepid monsoon season, led to a further rise in input costs compared to Q1FY27.
Given the persistent nature of this increase, the maize starch industry has partially passed it on
to customers, and the balance cost escalation is expected to be passed on in the coming
quarter. We also expect the arrival of the winter crop after Diwali to ease input price inflation.
On the exports front, logistics costs have remained elevated, which has increased the landed
cost of our products for export customers. However, demand has remained firm, and we have
not seen any incremental impact of the ongoing West Asia crisis on our overall exports.
One of the most important recent developments has been the divestment of the first tranche of
our idle land parcel at Kathwada for a consideration of ₹73 Cr. This is in line with our strategy
to divest non-core assets and deploy that capital towards our core business. Of the total sale
consideration, ₹20 Cr has been received so far, and the balance is expected to be received over
the next 12 months. The proceeds will be used to finance working capital and other operational
requirements of the business.
On the project front, the Technology Modernisation and Automation Project is running one
quarter behind schedule. The project is being implemented on a live plant with minimal
production breaks, while the plant continues to run at optimum capacity, thus the delay. We
now expect to complete the project by the end of Q3FY27.
Both joint venture projects, the Alland & Sayaji Gum Arabic Spray-Drying Plant #2 and the
Nigay & Sayaji Caramel Colours Plant, are now expected to commence work in Q4FY27. This
follows delays in obtaining the requisite regulatory permissions to begin work at the project
location.
Taken together, the performance in Q2FY27, progress in our capital allocation and our
upcoming projects position the Company well for its long-term growth. The focus for rest of the
financial year remains on managing input cost pressures, completing the projects on hand, and
continuing to build a stronger, more competitive operating platform.”
DETIMIL
SEIRTSUDNI
IJAYAS
PRESS & MEDIA RELEASE
Consolidated Financials
Particulars YoY QoQ
Q2FY27 Q1FY27 Q2FY26
(₹ in Crore) Change Change
Revenue from Operations 264 288 249 6% -9%
COGS 180 195 193 -7% -8%
Gross Profit 84 93 57 47% -10%
Gross Margin (%) 31.7% 32.2% 22.8% 898 bps -45 bps
Operating Expenses 69 75 59 17% -8%
Other Income 0.8 1.8 0.4 107% -57%
Share in profit of joint venture 1.0 1.6 0.9 20% -36%
EBITDA 16 21 (1) 1,906% -23%
EBITDA Margin (%) 6.2% 7.3% -0.4% 656 bps -113 bps
Finance Cost 7 6 6 7% 7%
Depreciation 6 5 5 9% 5%
Profit before Tax 4 9 (12) 131% -59%
Profit after Tax 3 7 (9) 134% -57%
PAT Margins (%) 1.2% 2.5% -3.7% 487 bps -136 bps
Basic EPS (in ₹) 1.35 2.78 (3.65) 137% -51%
About Sayaji Industries Limited
Founded in 1941, Sayaji Industries Limited is a leading corn wet milling and speciality food ingredients
group with strong presence in starch and starch derivatives, spray dried food powders and functional
ingredients. The Company serves diverse industries across food, industrial and pharmaceutical sectors
with operations spanning India and international markets.
For further information, please contact:
Vishnu H Thaker Sayam Pokharna
Company Secretary & Compliance Officer Investor Relations Advisor
Sayaji Industries Limited TIL Advisors Private Limited
cs@sayajigroup.in +91 94266 60791
sayam@theinvestmentlab.in
Forward Looking Statement
This press release contains forward looking statements which may include statements relating to future business plans, market
opportunities, capacity expansion, financial performance and growth prospects. These statements are based on current
expectations and assumptions and are subject to risks and uncertainties that could cause actual outcomes to differ materially .
Sayaji Industries Limited undertakes no obligation to update any forward-looking statements.