The Board of Directors of Balrampur Chini Mills Limited approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Nine Months ended December 31, 2025, on February 10, 2026. Key actions included the designation of Ms. Mamta Binani as the Chairperson of the Executive Committee. The results indicate the company’s performance across sugar and distillery segments.
Board Approval of Financial Results
The Board of Directors of Balrampur Chini Mills Limited convened on February 10, 2026, commencing at 01:00 P.M. and concluding at 02:40 P.M., to consider and approve the Unaudited Financial Results. These results cover the Quarter and Nine Months ended December 31, 2025, which were first reviewed and recommended by the Audit Committee. The Limited Review Reports from the Statutory Auditors are enclosed as Annexure-A.
Key Personnel Update
The Board also approved the designation of Ms. Mamta Binani, an Independent Director, as the Chairperson of the Executive Committee of the Board of Directors, effective immediately from February 10, 2026. The composition of the Executive Committee is detailed in Annexure B.
Standalone Financial Highlights (Quarter Ended 31-12-2025 vs. Previous Year)
Total revenue from operations for the quarter stood at ₹1463.80 lakhs, compared to ₹1679.75 lakhs in the corresponding previous year period. Profit before exceptional items and tax (1+2-3) was ₹163.16 lakhs, down from ₹705.81 lakhs previously. Profit for the period (B-7) was ₹1066.36 lakhs.
Earnings Per Share (Standalone)
- Basic (₹): ₹5.28 for the current quarter vs. ₹2.26 in the preceding year’s corresponding quarter.
- Diluted (₹): ₹5.28 for the current quarter vs. ₹2.26 in the preceding year’s corresponding quarter.
Standalone Segment Performance Insights (Nine Months Ended 31-12-2025)
Segment performance for the nine months ended December 31, 2025:
Sugar Segment
- Revenue from operations: ₹131704.75 lakhs.
- Profit before tax (less finance costs): ₹19011.91 lakhs.
Distillery Segment
- Revenue from operations: ₹128090.31 lakhs.
- Profit before tax (less finance costs): ₹29617.77 lakhs.
Consolidated Financial Highlights (Quarter Ended 31-12-2025 vs. Previous Year)
Revenue from operations for the consolidated entity was ₹1453.18 lakhs for the quarter, compared to ₹1924.71 lakhs in the corresponding prior period. Profit before exceptional items and tax (1+2-3) was ₹78.90 lakhs, against ₹926.31 lakhs year-on-year.
Earnings Per Share (Consolidated)
- Basic (₹): ₹5.58 for the current quarter vs. ₹2.48 in the preceding year’s corresponding quarter.
- Diluted (₹): ₹5.58 for the current quarter vs. ₹2.48 in the preceding year’s corresponding quarter.
Notes on Financial Results
Interim Dividend
The interim dividend of ₹3.50 (350%) per equity share for FY 2025-26, declared on November 11, 2025, was paid during the quarter ended December 31, 2025.
Employee Stock Options (ESARs and RSUs)
During the nine months ended December 31, 2025, 48,065 equity shares were allotted upon exercise of 131,602 ESARs. Furthermore, 177,947 ESARs and 1,118,513 RSUs were granted to eligible employees during the same period. The number of outstanding ESARs as of December 31, 2025, stands at 2,851,528.
Regulatory Tariffs (UPERC)
Revenue adjustments related to the UPERC tariff revision, effective retrospectively from April 1, 2024, amounting to ₹1770.22 lakhs (for the period April 1, 2024, to June 30, 2025), was recognized in the quarter ended September 30, 2025.
Labour Codes Impact
The implementation of the new Labour Codes effective November 21, 2025, necessitated actuarial recognition of ₹36.49 lakhs as past service cost towards employee benefit obligations (gratuity and leave encashment) for the quarter and nine months ended December 31, 2025.
Consolidated Results & Associate Company
The consolidated results include the Company’s share of profit from its associate, Auxilo Finserve Private Limited (“AFPL”). The company recognized an increase in the proportionate net asset value of its shareholding in AFPL amounting to ₹5660.08 lakhs for the quarter ended September 30, 2024, recognized under ‘Other income’.
Auditors’ Review Conclusion
The Independent Auditors’ Review Report (Annexure-A for Standalone and separate report for Consolidated) confirms that, based on their review, nothing has come to their attention to suggest that the financial statements are materially misstated or that required disclosures have been omitted.
Chairman’s Concluding Remark
The Chairman and Managing Director, Vivek Saraogi, noted that as Sugar is a seasonal industry, the performance for the quarter is not representative of the annual performance.
Source: BSE
