Balrampur Chini Q4FY26 Results: Revenue Up 6.67%, PLA Plant Nears Completion
Balrampur Chini Mills reported Q4 FY26 consolidated revenue of ₹1,603.99 crore, up 6.67% YoY. The company is investing ₹3,080 crore in its PLA plant, expected to start in Q3 FY27. A ₹450 crore preferential equity issue was approved to fund capex. Basic EPS stood at ₹18.74.
The announcement includes financial results, significant capex updates on a new product line (PLA), and a substantial fundraising activity, all of which are material to investors.
The company reported revenue growth, progress on a significant capex project (PLA plant), and a successful fundraising initiative, indicating positive operational and financial developments.
Balrampur Chini Mills Limited (BCML) announced its financial results for the fourth quarter and year ended March 31, 2026. The company reported a 6.67% increase in standalone revenue from operations to ₹1,603.99 crore in Q4 FY26, primarily driven by higher sugar sales volumes and realizations, despite an 8% hike in sugarcane prices by the UP government.
The sugar segment's PBIT margin was impacted by increased sugarcane costs, though this was partially offset by higher sales volumes. The distillery segment's performance was subdued due to unchanged ethanol procurement prices. Sugarcane crushing for the quarter was 622.2 lac quintals, a 1.6% year-on-year increase, and for the full season, it was 1,043 lac quintals, up 5.2% from the previous season.
The company's ambitious Poly Lactic Acid (PLA) plant, with a revised capex of ₹3,080 crore, is progressing well and is expected to commence operations in Q3 FY27. Approximately ₹1,718 crore has been spent on the project as of April 30, 2026. To fund this capex and for general corporate purposes, the board approved raising ₹450 crore via preferential equity shares, with promoters contributing ₹193 crore.
Consolidated revenue for Q4 FY26 stood at ₹1,603.99 crore, with Profit Before Tax (PBT) at ₹311.70 crore and Total Comprehensive Income (TCI) at ₹236.17 crore. Basic EPS for the quarter was ₹18.74.
Mr. Vivek Sarapgi, Chairman and Managing Director, commented that the integrated model has enabled the company to navigate industry headwinds. He highlighted the commitment to sustainable value creation and optimizing operations. The company also secured its first institutional order for compostable garbage bags, PLA bottles, 3D-printed PLA pens, and PLA folders from the Lucknow Cantonment Board.
Balrampur Chini Mills Limited's credit ratings remain strong, with CRISIL affirming AA+ (Stable) for long-term and A1+ for short-term, and India Ratings also assigning AA+/Stable and A1+ respectively.
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