Balrampur Chini Q3FY26 Results: Revenue Up 21.97% to ₹1,454 Cr, PLA Project Nears Completion
Balrampur Chini Mills Limited reported Q3FY26 revenue of ₹1,454.12 crore, up 21.97% year-on-year. Sugar segment saw higher realizations and crushing volumes, while distillery segment performed stably. The company has spent ₹1,421 crore on its PLA project, targeting Q3FY27 commissioning. Basic EPS stood at ₹4.80.
The results show healthy year-on-year growth in revenue and continued progress on a major new project (PLA). While not a dramatic financial surprise, the consistent growth and strategic diversification are impactful.
The company reported a significant increase in revenue and positive operational performance in its core segments, along with steady progress on its strategic PLA project. Despite some concerns regarding ethanol pricing, the overall outlook appears positive.
Balrampur Chini Mills Limited (BCML) announced its financial results for the third quarter ended December 31, 2025 (Q3FY26), reporting a significant 21.97% increase in revenue from operations to ₹1,454.12 crore, compared to ₹1,192.15 crore in Q3FY25. The company's sugar segment witnessed a 6.21% rise in realizations and an 8.43% increase in sugarcane crushing to 387.59 lac quintals. The distillery segment also showed a stable performance with higher volumes, though margins declined due to no revision in ethanol prices.
The company provided an update on its Poly Lactic Acid (PLA) project, which is progressing well with approximately ₹1,421 crore spent as of January 31, 2026. The project is on track for commissioning in Q3FY27. The Uttar Pradesh government's Bio Plastic Industrial Policy 2024 offers substantial incentives, including a 50% capital subsidy and interest subvention for companies investing in bioplastic manufacturing.
Mr. Vivek Saraogi, Chairman and Managing Director, highlighted the strong performance driven by improved sugar realizations despite an increase in sugarcane SAP. He also noted concerns regarding the pending revision in domestic ethanol prices, emphasizing its importance for the financial viability of diverting sugar towards ethanol production.
Consolidated financial highlights for Q3FY26 include a Total Comprehensive Income (TCI) of ₹223.12 crore and Basic EPS of ₹4.80, compared to ₹213.41 crore and ₹4.30 respectively in Q3FY25. The company's long-term credit rating has been reaffirmed at AA+ with a stable outlook by CRISIL and India Ratings.
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