Sugar company Balrampur Chini Mills announced Q2FY26 results Revenue from Operations: Rs 1,670.76 crore against Rs 1,297.95 crore during Q2FY25, change 28.72%. EBITDA: Rs 120.40 crore against Rs 49.08 crore during Q2FY25, change 145.31%. Comprehensive Income: Rs 57.29 crore against Rs 71.08 crore during Q2FY25, change -19.40%. Vivek Saraogi, Chairman & Managing Director, Balrampur Chini Mills Limited (BCML), said: “BCML has delivered a healthy performance in a seasonally weak quarter. We reported improvement in volumes and realizations across Sugar and Distillery divisions that supported overall performance. Furthermore, profitability this quarter also benefited from the revision in power tariff w.e.f. 1st April 2024. India’s net sugar production (post diversion to ethanol) is projected to rebound in the 2025–26 season, with an estimated output of 31 MMT, up ~19% from 26.1 MMT in the previous season. We are preparing for an expected upswing in our production volumes supported by conducive weather conditions despite decline in sugarcane area. The Government has recently allowed exports of 1.5 MMT for 2025-26 sugar season. Considering India's domestic consumption at 28.5 MMT, the closing stock of sugar as on 30th Sep-2026 is expected to be around 6 MMT. Despite a significant increase in sugarcane FRP and operational costs, the Government has not revised Ethanol prices under the Juice and B-heavy routes over last two years. We are hopeful that a timely upward revision in ethanol prices will be made to maintain the viability of sugar mills and their ability to make timely payments to farmers in ongoing season 2025-26 i.e. consecutive third year of rising cost burden. Likewise, revision in the Minimum Sale Price (MSP) of sugar will also be vital to sustain the sector’s financial health in a surplus year. I am pleased to share that the Board of Directors at its meeting held today has announced interim dividend of Rs 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs 70.7 crore. We continue to make healthy progress on Polylactic Acid (PLA) project. Construction activities are in full swing and we have also started developing the market by way of trading of imported PLA. Till 31st October 2025 ~Rs 1093 crore have been spent (Rs 570 crore via Debt and balance from internal accruals) on the project. BCML stands committed to sustainable value creation by optimizing every aspect of our operations, ensuring maximum value extraction from each stick of cane. The introduction of the PLA project diversifies our product range and aligns with global environmental goals by offering an environment friendly alternative to traditional plastics. Leveraging our integrated operations and strong financial health, we remain dedicated to deepening our relationships with Environment and enhancing operational efficiencies. We will continue to invest judiciously and create value for our shareholders.” Result PDF
Conference Call with Balrampur Chini Mills Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Sugar company Balrampur Chini Mills announced Q4FY25 & FY25 results Consolidated Q4FY25 Financial Highlights: Revenue from Operations for the quarter: Rs 1,503.68 crore (Q4FY25), Rs 1,434.26 crore (Q4FY24), Variance 4.84% EBITDA (excluding Other Income) for the quarter: Rs 365.24 crore (Q4FY25), Rs 344.72 crore (Q4FY24), Variance 5.95% Total Comprehensive Income for the quarter: Rs 225.43 crore (Q4FY25), Rs 208.71 crore (Q4FY24), Variance 8.01% Consolidated FY25 Financial Highlights: Revenue from Operations for the year: Rs 5,415.38 crore (FY25), Rs 5,593.74 crore (FY24), Variance (3.19)% EBITDA (excluding Other Income) for the year: Rs 704.24 crore (FY25), Rs 786.17 crore (FY24), Variance (10.42)% Total Comprehensive Income for the year: Rs 438.84 crore (FY25), Rs 542.55 crore (FY24), Variance (19.12)% Standalone Q4FY25 Financial Highlights: Revenue from Operations for the quarter: Rs 1,503.68 crore (Q4FY25), Rs 1,434.26 crore (Q4FY24), Variance 4.84% EBITDA (excluding Other Income) for the quarter: Rs 365.24 crore (Q4FY25), Rs 344.72 crore (Q4FY24), Variance 5.95% Total Comprehensive Income for the quarter: Rs 216.35 crore (Q4FY25), Rs 202.70 crore (Q4FY24), Variance 6.73% Standalone FY25 Financial Highlights: Revenue from Operations for the year: Rs 5,415.38 crore (FY25), Rs 5,593.74 crore (FY24), Variance (3.19)% EBITDA (excluding Other Income) for the year: Rs 704.24 crore (FY25), Rs 786.17 crore (FY24), Variance (10.42)% Total Comprehensive Income for the year: Rs 345.87 crore (FY25), Rs 441.34 crore (FY24), Variance (21.63)% Commenting on the performance for Q4FY25, Vivek Saraogi, Chairman and Managing Director, Balrampur Chini Mills, said “The sugar segment delivered a strong performance in the quarter under review, driven by improved margins. In the distillery segment, results were adversely impacted due to government’s decision not to increase the ethanol prices for juice and B-heavy ethanol. Sugar cane crushing in the quarter was 1.4% lower than in the same period last year. Gross sugar recovery before diversion remained lower by ~40 basis points due to unfavourable weather conditions. It is worth noting that our decline in sugar recovery was one of the lowest among the factories in the Eastern UP. The export quota of 1 million ton for the current season has bolstered the domestic sugar prices up to a level of Rs.41/kg which is also the average cost of production of sugar in the country. For the 2024-25 ethanol year, while the government has allowed diversion of sugarcane juice and BH molasses for ethanol production but gave no price increase, which is deviation from the government's previous practice of linking ethanol price hikes to FRP/sugar prices has made diversion of sugar for ethanol unremunerative. In the long term, this will pose a challenge to the government’s plan to go upto E30 by 2030. The progress of our 80,000 tons capacity PLA project remains on track with a capital cost of Rs 2850 crores (gross) or Rs 1750 crores (net of capital subsidy announced by the U.P. State Government). The Uttar Pradesh government’s pioneering bioplastics policy strengthens the viability of our PLA project by providing an attractive incentive framework. Over the years, our integrated operations have successfully kept pace with industry headwinds and adapted to the evolving dynamics of the industry. The upcoming PLA bioplastic project fits seamlessly into our core philosophy of getting the most value out of every stick of cane. This transformative project strengthens our ties to agriculture, advances our sustainability goals and is a natural evolution of our business model. We believe it is well positioned to add significant value while promoting environmentally friendly initiative for the future.” Result PDF