Balrampur Chini Mills (BALRAMCHIN) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations rose 12.3% YoY to ₹1,876.28 crore; consolidated net profit increased to ₹102.29 crore from ₹53.89 crore.

• Sugar PBIT climbed 166.4% YoY to ₹140.75 crore on stronger volume and realizations; distillery margins compressed amid higher costs and unchanged ethanol procurement prices.

Financial highlights

• H1 FY27 revenue was ₹3,513.07 crore, up 9.3% YoY; consolidated net profit was ₹146.44 crore versus ₹105.46 crore.

• Q2 consolidated PBT was ₹151.56 crore, versus ₹79.85 crore YoY.

• Other income increased to ₹33.57 crore, including ₹16.95 crore from forfeited earnest-money deposits and higher fixed-deposit interest.

• The board declared an interim dividend of ₹4 per ₹1 equity share; record date was 11 November 2026, with payment scheduled from 26 November.

Outlook and guidance

• FY27 ethanol production is expected at 18–20 crore litres, including 8–9 crore litres from C-heavy molasses and ~3 crore litres of ENA; the balance depends on feedstock and tender allocations.

• Maizapur distillery is targeted to run fully on grain and produce 8–9 crore litres, subject to feedstock availability and tender allocation.

• Cane availability is preliminarily estimated 2% below last year; unseasonal rain may initially lower recovery, with estimates still uncertain.

• The 80,000-TPA PLA plant is planned for commissioning in November, with commercial operations expected in Q4 FY27; trials and market development will precede firmer cost and yield estimates.