Balrampur Chini Q4 FY26 Revenue Up 6.67% to ₹1,603.99 Cr; EBITDA Down 22.03%
Balrampur Chini Mills reported Q4 FY26 revenue of ₹1,603.99 crore, up 6.67% YoY. EBITDA declined 22.03% to ₹284.79 crore. For FY26, revenue increased 15.80% to ₹6,271.15 crore. The company is raising ₹450 crore via preferential issue for capex, including an 80,000-ton PLA plant expected in Q3 FY27.
The results show a mixed financial performance with revenue growth but declining profitability. The fundraising and capex for the PLA plant are significant strategic moves that will impact future performance, warranting a medium impact assessment.
While revenue saw an increase, the significant drop in EBITDA and Total Comprehensive Income indicates mixed performance. The capex plans and fundraising are positive, but margin pressures in the sugar segment and subdued distillery results temper the overall sentiment.
Balrampur Chini Mills Limited (BCML) announced its financial results for the fourth quarter and year ended March 31, 2026, reporting a stable performance despite an 8% increase in sugarcane prices by the UP Government. The company experienced higher sugar sales volumes and marginal increases in sugar realizations, which partially offset reduced margins.
For Q4 FY26, sugarcane crushing was approximately 622.2 lac quintals, a 1.6% year-on-year increase. For the entire season, the company crushed about 1043 lac quintals, a 5.2% rise from the previous season. Gross sugar recovery before diversion in Q4 FY26 was 11.59%, a decrease of about 9 basis points. The company's distillery segment saw subdued results due to the government not increasing the Ethanol procurement price from Juice and B-heavy routes for three consecutive years.
The company has approved raising ₹450 crores via the issue of Preferential Equity Shares to fund its revised capex of approximately ₹3080 crores for an 80,000-ton PLA plant, which is expected to commence operations in Q3 FY27. Promoters will participate in this fundraising, contributing about ₹193 crores, ensuring no dilution from their end.
Consolidated Highlights for Q4 FY26 include Revenue from Operations at ₹1,603.99 crore (up 6.67% from ₹1,503.68 crore in Q4 FY25) and EBITDA (excluding Other Income) at ₹284.79 crore (down 22.03% from ₹365.24 crore). For the full fiscal year FY26, Revenue from Operations stood at ₹6,271.15 crore (up 15.80% from ₹5,415.38 crore in FY25), while EBITDA was ₹741.28 crore (up 5.26% from ₹704.24 crore).
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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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