Balrampur Chini Mills Limited (BCML) announced its financial results for the quarter and year ended March 31, 2026. Despite an 8% increase in sugarcane prices impacting margins, the company reported revenue of ₹1,603.99 crore for Q4 FY26, a 6.7% growth year-over-year. BCML continues to advance its strategic diversification, with its landmark 80,000 TPA Poly Lactic Acid (PLA) project on track for commissioning in Q3 FY27.
Financial Performance Overview
For the fourth quarter of FY26, Balrampur Chini Mills Limited achieved a revenue of ₹1,603.99 crore, marking a 6.7% increase compared to the same period in the previous year. For the full fiscal year 2026, the company reported a total revenue of ₹6,271.15 crore. The profitability in the sugar segment was impacted by an 8% rise in state-advised sugarcane prices, which climbed from ₹370/qtl to ₹400/qtl. Despite these margin pressures, the company maintained stable operational performance.
Strategic Business Highlights
The company continues to leverage its integrated business model. The distillery segment, while currently facing headwinds due to unchanged ethanol procurement prices from the government for three consecutive years, remains a core pillar. Sugarcane crushing for the season reached 1,043 lac qtls, representing a 5.2% growth over the previous season. The company is also maintaining a healthy balance sheet, with CRISIL maintaining its long-term credit rating at AA+ and short-term rating at A1+.
Progress on PLA Project
A key highlight is the rapid development of India’s first 80,000 TPA Poly Lactic Acid (PLA) plant. With a revised capital expenditure of ₹3,080 crore, the project has already seen an investment of ₹1,718 crore as of April 2026. Construction is progressing steadily, with civil erection 87% complete and equipment procurement on track. The project is expected to commence operations in Q3 FY27, supported by the Uttar Pradesh government’s Bio Plastic Industrial Policy 2024 incentives.
Associate Business Update
BCML’s associate company, Auxilo Finserve Private Limited, continues to show strong growth. As of March 31, 2026, the entity reported an AUM of ₹5,051 crore, reflecting a 16% year-over-year growth. BCML holds a 30.47% equity stake in Auxilo, further diversifying its portfolio through strategic financial services investments.
Source: BSE
