Balrampur Chini September profit rises to Rs 102.2921 crore

Balrampur Chini Mills Limited reported consolidated profit of Rs 102.2921 crore for the quarter ended 30 September 2026, compared with Rs 53.8917 crore a year earlier and Rs 44.1464 crore in the preceding quarter. Revenue from operations rose to Rs 1,876.2811 crore, while sugar segment profit increased to Rs 140.7515 crore.

How did Balrampur Chini perform in the September 2026 quarter?

Balrampur Chini’s consolidated profit rose by Rs 48.4004 crore year on year to Rs 102.2921 crore in the quarter ended 30 September 2026. Profit before tax was Rs 151.5556 crore, compared with Rs 79.8512 crore in the corresponding quarter of 2025, and total comprehensive income was Rs 104.0635 crore against Rs 57.2851 crore.

The quarter also improved sequentially from the three months ended 30 June 2026, when profit was Rs 44.1464 crore and profit before tax was Rs 58.5312 crore. Revenue from operations increased by Rs 239.4881 crore from Rs 1,636.7930 crore in the preceding quarter, while total income rose to Rs 1,909.8482 crore from Rs 1,651.7030 crore.

Balrampur Chini’s total expenses were Rs 1,765.7186 crore in the September quarter, compared with Rs 1,608.9094 crore a year earlier and Rs 1,599.6598 crore in the June quarter. Inventory changes accounted for Rs 1,398.3607 crore of quarterly expenses, while employee benefits expense was Rs 103.5814 crore and finance costs were Rs 15.9071 crore.

What drove Balrampur Chini’s September-quarter profit growth?

Balrampur Chini’s sugar segment drove the increase, reporting revenue of Rs 1,578.0550 crore and segment profit before tax, finance costs and exceptional items of Rs 140.7515 crore. Sugar revenue was Rs 1,317.0475 crore in the year-earlier quarter and Rs 1,225.2683 crore in the preceding quarter, while segment profit was Rs 52.8431 crore and Rs 38.7608 crore, respectively.

The disclosed segment figures imply that sugar segment profit represented about 8.9% of sugar revenue in the September quarter, compared with about 4.0% a year earlier and about 3.2% in the preceding quarter. This is a calculation from reported segment revenue and profit, rather than a margin measure stated by Balrampur Chini.

Other income reached Rs 33.5671 crore in the September quarter, versus Rs 8.7341 crore a year earlier and Rs 14.9100 crore in the preceding quarter. For the six months ended 30 September 2026, other income included Rs 16.9517 crore from forfeiture of earnest money deposits, Rs 8.3427 crore of interest on bank fixed deposits and a net foreign-exchange gain of Rs 6.0780 crore.

Which Balrampur Chini segments made profits or losses?

Balrampur Chini’s distillery segment remained profitable but reported lower revenue and profit across both comparisons. Revenue was Rs 324.5936 crore in the September quarter, below Rs 405.0078 crore a year earlier and Rs 539.6150 crore in the preceding quarter, while segment profit was Rs 39.1260 crore, versus Rs 59.3641 crore and Rs 80.3754 crore.

The polylactic acid, or PLA, segment remained loss-making, with a quarterly segment loss of Rs 5.5827 crore on revenue of Rs 16.8533 crore. The loss narrowed from Rs 9.8428 crore in the quarter ended 30 June 2026 but was wider than the Rs 1.0119 crore loss in the corresponding quarter of 2025, when PLA revenue was Rs 5.7290 crore.

Balrampur Chini’s other segment reported Rs 5.8652 crore of revenue and Rs 1.8397 crore of segment profit in the September quarter. Total segment profit before finance costs, unallocable expenditure and tax was Rs 176.1345 crore, compared with Rs 109.5167 crore in the preceding quarter and Rs 112.2472 crore a year earlier.

What do Balrampur Chini’s half-year results and financial position show?

Balrampur Chini reported revenue from operations of Rs 3,513.0741 crore and profit of Rs 146.4385 crore for the six months ended 30 September 2026. The corresponding half-year figures were Rs 3,213.0379 crore of revenue and Rs 105.4647 crore of profit, while profit before tax increased to Rs 210.0868 crore from Rs 152.9332 crore.

Total assets stood at Rs 7,196.5366 crore at 30 September 2026, down from Rs 8,406.3397 crore at 31 March 2026. Equity increased to Rs 4,748.8457 crore from Rs 4,138.1107 crore, and total liabilities decreased to Rs 2,447.6909 crore from Rs 4,268.2290 crore over the same dates.

Non-current borrowings were Rs 1,240.7193 crore and current borrowings were Rs 302.9845 crore at 30 September 2026. Net cash generated from operating activities was Rs 2,621.2703 crore in the six-month period, compared with Rs 2,254.0092 crore a year earlier, while investing activities used Rs 932.9789 crore.

What capital actions did Balrampur Chini disclose?

Balrampur Chini’s board declared an interim dividend of Rs 4 per equity share of Rs 1 each on 4 November 2026, equal to 400% of face value. The board approved the unaudited consolidated results for the quarter and six months ended 30 September 2026 after review by the Audit Committee.

Balrampur Chini issued and allotted 93,16,771 equity shares on a preferential basis during the six months at Rs 483 per share, raising Rs 450 crore. It used Rs 321.36 crore of the proceeds by 30 September 2026, including Rs 150.62 crore in the September quarter, and temporarily invested the unutilised Rs 128.64 crore in bank deposits and money-market mutual funds pending use for the issue objects.

The company allotted 3,30,289 equity shares during the quarter and half-year following employee stock appreciation rights exercises. A further 87,132 rights were exercised up to 23 October 2026, and Balrampur Chini allotted 44,287 equity shares during October, including 5,065 shares pending allotment at 30 September.

Conclusion

Balrampur Chini’s September-quarter profit increase was led by substantially higher sugar revenue and segment profit, while the distillery business reported lower revenue and profit across both comparison periods. The PLA segment narrowed its sequential loss but remained loss-making, and other income was also higher than in both the preceding and year-earlier quarters.

The next reported developments to watch are the use of the remaining Rs 128.64 crore of preferential-issue proceeds and the performance of the PLA segment, which held Rs 2,755.2524 crore of segment assets at 30 September 2026 while reporting a Rs 5.5827 crore quarterly loss. Balrampur Chini also stated that sugar is seasonal and that quarterly results are not representative of annual performance.