The company’s total market capitalization is Rs. 8,137 Cr, which placed it in the small-cap category. The company share closed 2.20% down at Rs. 403.60 on Monday. In FY 23, the income from the sugar segment was Rs. 4,339 Cr, the revenue from the distillery segment was Rs. 1,164 Cr, and the revenue from other sources was Rs. 24 Cr.
Balarampur Chini’s Revenue from operations grew by 28.7% from Rs. 1080.08 Cr in Q1 FY23 to Rs. 1,389.62 Cr in Q1 FY24. EBITDA rose by 267.4% from Rs. 44.42 Cr in Q1FY23 to Rs. 163.18 Cr in Q1FY24. Net profit increased by 493% YoY to Rs. 73.5 Cr.
Sugar: 70.32 % contribution to the revenue in Q1 FY24. 23.80 (lakh quintals) Sold in the June quarter. Comparing Q1 FY24 to Q1 FY23, sugar sales volume increased by 11.9% and Sugar realizations increased by 3.5% in Q1 FY24 compared to Q1 FY23.
Distillery: 29.36% contribution to the revenue in Q1 FY24. Q1 FY24 distillery sales volume increased by 42.5% as compared to Q1 FY23.
OMC has finalized bids for 564.45 Cr litres, of which 560.20 Cr litres have been contracted, and 377.93 billion litres have been supplied up until July 23, 2023, yielding a pan-India ethanol blend of 11.77%.12.0% is the target blend for 2022–2023.
Others: 0.32% contribution to the revenue in Q1 FY24.
As of June 2023, promoters own 42.90%, FIIs own 14.27%, DIIs own 19.3%, Public own 17.79% and others own 5.84% stake in this company.
Balarampur Chini Mills Ltd, One of the biggest sugar production companies in India was established in 1975 and is called Balrampur Chini Mills Limited. It was one of the first sugar enterprises in the nation to go beyond sugar into the distillery and cogeneration industries. The company can produce 1050 KL of distillate per day, 77,500 tonnes of cane per day, and 175.7 megawatts of saleable cogeneration per day.
Written by Sheshadri N
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