Balrampur Chini Mills Limited announced its Q2 & FY26 results presentation. The company reported healthy performance with improved volumes and realizations in sugar and distillery divisions. The Board of Directors has announced an interim dividend of Rs. 3.50 (350%) per Equity share. The company is progressing well on its Polylactic Acid (PLA) project, with ~Rs. 1093 crores already spent.
Financial Highlights
Balrampur Chini Mills Limited reported improved performance in a seasonally weak quarter, driven by increased volumes and realizations in both its sugar and distillery segments. Profitability was also positively impacted by a revision in power tariffs effective April 1, 2024.
Sugar Segment Performance
The company saw a 14.97% increase in sugar sales volume in Q2 FY26. Average sugar realization increased by 5.16% compared to Q2 FY25. As of September 30, 2025, sugar inventory stood at 18.10 lac quintals, valued at Rs. 36.27/kg.
Distillery Segment Performance
The distillery segment also showed positive momentum, with increased sales and improved blended realizations. The average blended realization for ENA (Extra Neutral Alcohol) and other products reached Rs. 61.28/BL during Q2 FY26.
PLA Project Update
Balrampur Chini is making headway with its Polylactic Acid (PLA) project. As of October 31, 2025, approximately Rs. 1093 crores has been invested in the project. Construction activities are ongoing, and the company has initiated market development through the trading of imported PLA. The project commissioning is expected in Q3 FY27 with a capacity of 80,000 TPA.
Dividend Announcement
The Board of Directors has declared an interim dividend of Rs. 3.50 (350%) per equity share. This dividend will result in an outflow of approximately Rs. 70.7 crores.
Key Operational Numbers
Sugarcane Crushed: 1033.99 lac quintals for FY25. Net Sugar Recovery was 11.38% in H1 FY26. The sugar recovery pre-sacrifice for FY25 stood at 11.32% and sugar production for the same period was 97.07 lac quintals. Ethanol production and sales volume saw similar uptrends year-on-year.
Auxilo Finserve Update
As of September 30, 2025, the Net-worth of Auxilo stands at approximately Rs. 1454.13 Crores. Total income was Rs. 177.77 crs, total expense stood at Rs. 137.71 crs and CRAR was reported as 30.04%
Future Outlook
The company highlighted the potential for a revision in the Minimum Selling Price (MSP) of sugar and ethanol prices as key events to watch out for, both being vital to sustain the sector’s financial health.
Source: BSE
