Balrampur Chini Mills reports healthy Q2 FY26 results, declares ₹3.50 interim dividend, and updates on PLA project
Balrampur Chini Mills reported healthy Q2 FY26 results, with increased revenue and PBT, declared ₹3.50 interim dividend, and updated on its 80,000 TPA PLA project, expected commissioning in Q3 FY27.
The announcement includes strong financial results for Q2 FY26, a substantial interim dividend, and significant progress on the strategic Poly Lactic Acid (PLA) project, which represents a major diversification and future growth driver with government incentives. The scheduled concall also indicates high investor relevance.
The company reported healthy financial performance in a seasonally weak quarter, declared a significant interim dividend, and provided positive updates on its strategic PLA project, which is progressing well with substantial government support and a clear commissioning timeline.
* Q2 & H1 FY26 Financial Performance: * Consolidated: Revenue increased to ₹1,670.76 crore in Q2 FY26 from ₹1,297.95 crore in Q2 FY25. Profit Before Tax (PBT) rose to ₹79.85 crore in Q2 FY26 from ₹59.15 crore in Q2 FY25. * Standalone: Revenue from operations grew by 28.72% to ₹1,670.76 crore in Q2 FY26, driven by higher volumes and realizations in sugar and distillery divisions. Standalone PBT turned positive at ₹70.59 crore in Q2 FY26, compared to a loss of ₹5.85 crore in Q2 FY25. * Chairman's Commentary (Mr. Vivek Saraogi): The company delivered a healthy performance in a seasonally weak quarter, benefiting from improved volumes and realizations across Sugar and Distillery divisions, and a revision in power tariff. India's net sugar production is projected to rebound to 31 MMT in the 2025-26 season, up ~19%. The Government has allowed exports of 1.5 MMT for the 2025-26 sugar season. Mr. Saraogi highlighted the need for timely upward revision in Ethanol prices and the Minimum Sale Price (MSP) of sugar due to increased sugarcane FRP and operational costs. The U.P. Government increased the State Advised Price (SAP) of sugarcane by ₹30 per quintal to ₹400 per quintal. * Interim Dividend: The Board of Directors announced an interim dividend of ₹3.50 (350%) per equity share of Re. 1/-, resulting in an outflow of approximately ₹70.7 crore. * Poly Lactic Acid (PLA) Project Update: The project is making healthy progress with construction in full swing. The company has spent ~₹1093 crore till 31st October 2025. The capacity has been optimized to 80,000 TPA, and commissioning is expected in Q3 FY27. The project benefits from the U.P. Bio Plastic Industrial Policy 2024, which offers incentives like a 50% capital subsidy and 5% interest subvention. * Treasury Management: In H1 FY26, the company availed ₹140.00 crore long-term debt for the PLA project, eligible for interest subvention. It repaid ₹44.50 crore of loans for existing businesses. Credit ratings remain strong at AA+/Stable for long-term and A1+ for short-term. * Conference Call: A conference call to discuss the Q2 & FY26 results is scheduled for 12:00 noon IST on 12th November 2025. * Key Events to Watch: Revision in Minimum Selling Price (MSP) of sugar and revision in Ethanol prices.
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