Thal Industries FY2025 Profit Doubles to Rs2.3 Billion as Revenue Jumps 69%

Thal Industries Corporation, a sugar and power producer, had a strong 2025 financial year. Revenue jumped sharply and profit more than doubled, a contrast to the losses and pressure seen at some other sugar names. The company rewarded shareholders with a dividend.

What the Thal Industries FY2025 results showed

Thal Industries Corporation reported net profit of about Rs2.33 billion for the year ended September 30, 2025, up from Rs1.14 billion a year earlier, more than double. Revenue surged about 69 percent to Rs48.23 billion from Rs28.61 billion. Earnings per share rose to Rs154.99 from Rs75.61. The board, which met on December 24, 2025 to consider the annual accounts, declared a final cash dividend of Rs10 per share, later credited to shareholders. The combination of much higher revenue and profit growing even faster points to a year where both volumes and margins worked in the company's favour, helped by its sugar sales and the electricity it exports to the national grid.

Why it matters for sugar stocks

Sugar milling sits between the government-set cane support price, which drives most of a mill's costs, and the sugar selling price, which depends on the crop and official rules on stocks and exports. A year of higher sugar volumes and firmer pricing can lift a well-run mill's revenue and profit quickly, since much of the cost base is fixed. Thal also runs co-generation, selling power to the grid, which adds a second income stream that smooths the swings in the sugar business. The 69 percent revenue jump suggests strong crushing and sales, while profit more than doubling shows the extra revenue carried healthy margins rather than being eaten by costs.

Which stocks, and why

This is a direct result for Thal Industries Corporation, and the read is clearly positive. Profit more than doubling, a large revenue rise, a much higher EPS and a dividend together make a strong year. The influence is high because sugar and power are the whole business, so the gains in volumes and margins flow straight to earnings. The standing risks are the cane support price set for future seasons and sugar market policy, both of which can swing margins the other way.

What to watch

Track the cane support price for the next crushing season and the wholesale sugar price, since the gap between them sets the margin. Watch sugarcane crop size, government policy on sugar stocks and exports, and the contribution from the power division. Whether the company can repeat this level of revenue and profit growth is the key question after such a strong year.