Q4FY21 Result Update - Balrampur Chini - ICICI Direct

Balrampur Chini (BCML) reported 37.7% growth in operating profit in Q4FY21 on account of higher distillery volumes & realisation. The absence of sugar exports resulted in 41.4% revenue de-growth with similar decline in sugar segment sales. The company sold 1.9 lakh tonnes (lt) of sugar vs. 4.5 lt in corresponding quarter whereas sugar realisation was flat at Rs. 32.1 / kg. In 2020-21 sugar season, the company saw 22% dip in sugar production mainly on account lower sugarcane yield in its catchment area due to red rot disease. Distillery segment sales increased 18.1% with 11.5% increase in volumes, 4.7% higher realisation. The higher proportion of B-heavy ethanol sales aided growth in the segment. BCML holds 6.4 lt of sugar priced at Rs. 31.3 / kg as on March 2021. PAT saw de-growth of 2.5% to Rs. 235.5 crore due to tax write back in the base quarter. Total debt for the company declined by ~Rs. 250 crore whereas it generated operating cash flow of Rs. 648.9 crore in FY21 with strong profitability.

For details, click on the link below: Link to the report

Shares of BALRAMPUR CHINI MILLS LTD. was last trading in BSE at Rs.312.9 as compared to the previous close of Rs. 302.85. The total number of shares traded during the day was 116763 in over 3725 trades.

The stock hit an intraday high of Rs. 325.85 and intraday low of 311.55. The net turnover during the day was Rs. 37079876.

Source : Equity Bulls

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