Balrampur Chini Mills Limited has informed the Exchange about Transcript
BALRAMCHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Balrampur Chini Mills filed the transcript of its Q3 & 9M FY26 earnings call held on February 11, 2026. Management highlighted a tight sugar inventory situation nationally (around 5 million tonnes opening stock) with gross production estimated at 325 lakh tonnes, which should support sugar prices currently at INR 41-41.5/kg. The company reported 8.4% growth in sugarcane crushing to 387.6 lakh quintals and guided for 5-6% growth in full-year crushing, targeting 10.5 crore quintals. The distillery segment faced margin pressure due to no ethanol price revision for three years despite a 16.4% rise in cane FRP; ethanol sales were revised to 26-27 crore litres from earlier 28 crore litres. The PLA project is progressing with commissioning expected in October 2026, with cumulative spend of INR 1,421 crore (INR 790 crore in debt) and peak revenue potential of INR 2,000 crore at 35% EBITDA margin guidance.
The call is broadly positive for sugar realizations and the long-term PLA opportunity, but the unresolved ethanol pricing issue continues to weigh on distillery margins, limiting near-term earnings upside. Shareholders may take comfort from the strong crushing outlook and PLA progress, though ethanol-related margin pressure remains a near-term overhang.