Balrampur Chini Mills reports strong Q2 FY26 results, declares interim dividend, and updates on PLA project
Balrampur Chini reported strong Q2 FY26 results with increased revenue and EBITDA, declared ₹3.50 interim dividend, and continues progress on its PLA project. Management highlighted improved volumes and profitability.
The announcement of strong quarterly results, an interim dividend, and an update on a major growth project (PLA) is significant for investors. However, concerns raised by management about ethanol pricing and sugar MSP could temper the overall market impact.
The company reported healthy financial performance with significant increases in revenue and EBITDA for Q2 FY26, along with a declared interim dividend. Progress on the strategic PLA project also contributes positively.
* Balrampur Chini Mills Limited (BCML) announced its financial results for the second quarter (Q2 FY26) and half-year ended September 30, 2025, along with an interim dividend declaration and an update on its Polylactic Acid (PLA) project. * Consolidated Financial Highlights for Q2 FY26 (ended September 30, 2025): * Revenue from Operations: ₹1670.76 crore, a 28.72% increase from Q2 FY25. * EBITDA (excluding Other Income): ₹120.40 crore, a 145.31% increase from Q2 FY25. * Total Comprehensive Income: ₹57.29 crore, a 19.40% decrease from Q2 FY25. * Consolidated Financial Highlights for H1 FY26: * Revenue from Operations: ₹3213.04 crore, an 18.15% increase from H1 FY25. * EBITDA (excluding Other Income): ₹254.65 crore, an 18.32% increase from H1 FY25. * Total Comprehensive Income: ₹108.66 crore, a 22.96% decrease from H1 FY25. * Standalone Financial Highlights for Q2 FY26: * Revenue from Operations: ₹1670.76 crore, a 28.72% increase from Q2 FY25. * EBITDA (excluding Other Income): ₹120.40 crore, a 145.31% increase from Q2 FY25. * Total Comprehensive Income: ₹49.35 crore, an increase of 114.77 times from Q2 FY25. * Standalone Financial Highlights for H1 FY26: * Revenue from Operations: ₹3213.04 crore, an 18.15% increase from H1 FY25. * EBITDA (excluding Other Income): ₹254.65 crore, an 18.32% increase from H1 FY25. * Total Comprehensive Income: ₹92.28 crore, a 42.19% increase from H1 FY25. * Management Commentary: Mr. Vivek Saraogi, Chairman and Managing Director, stated that BCML delivered a healthy performance in a seasonally weak quarter, driven by improved volumes and realizations across Sugar and Distillery divisions. Profitability was also boosted by a revision in power tariff effective April 1, 2024. * Outlook: India’s net sugar production (post diversion to ethanol) is projected to rebound to an estimated 31 MMT (3.1 crore metric tonnes) in the 2025-26 season, up ~19% from 26.1 MMT (2.61 crore metric tonnes) in the previous season. The Government has allowed exports of 1.5 MMT (15 lakh metric tonnes) for the 2025-26 sugar season. Concerns were raised regarding unchanged ethanol prices despite rising sugarcane FRP and operational costs, and the need for revision in the Minimum Sale Price (MSP) of sugar. * Interim Dividend: The Board of Directors declared an interim dividend of ₹3.50 (350%) per Equity share of Re. 1/- each, resulting in an outflow of approximately ₹70.7 crores. * PLA Project Update: The Polylactic Acid (PLA) project is making healthy progress with construction activities in full swing. The company has also initiated market development by trading imported PLA. As of October 31, 2025, approximately ₹1093 crores have been spent on the project, funded by ₹570 crores via Debt and the balance from internal accruals.
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Balrampur Chini Mills Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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