Balrampur Chini Mills (BALRAMCHIN) Q4 25/26 earnings summary

Executive summary

• Q4FY26 saw stable sugar segment performance despite an 8% y-o-y hike in sugarcane prices, compressing margins, while higher sales volumes and realizations partly offset this impact.

• Audited standalone and consolidated financial results for the quarter and year ended 31st March 2026 were approved, with unmodified audit opinions issued by statutory auditors.

• Distillery segment results were subdued due to stagnant ethanol procurement prices for three years.

• Board approved raising up to Rs. 450 crores via preferential equity shares for capex and general purposes, with promoters contributing Rs. 193 crores.

• Interim dividend of ₹3.50 per share for FY 2025-26 was paid and confirmed as the final dividend; no further dividend proposed.

Financial highlights

• Consolidated Q4FY26 revenue rose 6.7% y-o-y to Rs. 1,603.99 crore; PBT margin improved to 14.99%.

• FY26 consolidated revenue up 15.8% y-o-y to Rs. 6,271.15 crore; TCI margin at 6.07%.

• Standalone revenue from operations for FY 2025-26 was ₹630,796 lakhs, up from ₹541,538 lakhs year-over-year.

• Consolidated net profit for FY 2025-26 was ₹37,846 lakhs, compared to ₹43,692 lakhs in FY 2024-25.

• Basic EPS (standalone) for FY 2025-26 was ₹17.19, and consolidated EPS was ₹18.74.

Outlook and guidance

• Sugar export quota of 1.58 MMT supported prices; government ban on sugar exports until 30th September 2026.

• India's net sugar production post-ethanol diversion estimated at 28 MMT, matching domestic consumption.

• PLA plant expected to generate Rs. 2,000 crore revenue at full capacity; commissioning in Q3FY27.

• Sugar industry performance is seasonal; quarterly results are not indicative of annual performance.

• Company continues to monitor regulatory changes, including new Labour Codes and power tariff revisions.