Balrampur Chini Mills Limited has informed the Exchange about Transcript
BALRAMCHIN · price
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Balrampur Chini Mills held its Q4 & FY26 earnings call discussing sugar, ethanol, and PLA business. Sugar production for 2025-26 season is estimated at 28 million tonnes (net), with closing inventory at 4.3 million tonnes (lowest in recent memory). The government banned exports after 7 lakh tonnes were shipped. The company crushed 1,043 lakh quintals of cane (up 5.2% YoY) despite cane price rising from Rs. 370 to Rs. 400 per quintal. Ethanol business saw no price revision for 3 years, with management flagging positive government conversations on pricing. The PLA project (capex Rs. 3,080 crore) received Rs. 450 crore funding via preferential shares with promoters participating Rs. 193 crore. Management targets 35% EBITDA margins for PLA citing feedstock, logistics, and energy cost advantages. Government mandates (Central and UP) for biodegradable packaging are being worked on.
The stock faces margin pressure from stagnant ethanol prices and higher cane costs, but strong sugar pricing and the upcoming PLA commercial production provide growth levers. The balanced sugar inventory supports stable realizations.