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HomeSugar Industry NewsBalrampur Chini Mills Q1 net profit lower at Rs76.93cr on lower EBIT...

Balrampur Chini Mills Q1 net profit lower at Rs76.93cr on lower EBIT from sugar and co-generation

Balrampur Chini Mills Ltd reported -20.27% fall in total sales revenues for the Jun-21 quarter on consolidated basis at Rs1,140.44cr. On a sequential basis, revenues were up 11.88% compared to Rs1,019.36cr revenues in Mar-21 quarter, with limited impact of COVID 2.0.

For the Jun-21 quarter the revenues from the sugar business was sharply lower by nearly 30% yoy at Rs943cr while the revenues from co-generation almost halved to Rs43cr. The revenues from the distillery business was sharply higher by 19.7% at Rs267cr.

Net profit for the Jun-21 quarter was down -44.69% at Rs76.93cr. The fall in net profits was largely driven  by lower realizations on sugar due to cyclical factors and negative EBIT on co-generation in the latest quarter.

The EBIT from sugar fell by 85% yoy at Rs14.4cr while the EBIT from co-generation dipped from profit into loss of Rs7.75cr. The EBIT from distillery business was up 23% at Rs118cr in the Jun-21 quarter. Net margins for Jun-21 quarter stood at 6.75% against 9.72% in Jun-20 quarter and 23.10% in the sequential Mar-21 quarter.

Financial highlights for Jun-21 compared yoy and sequentially

Balrampur Chini Mills
Rs in Crore Jun-21 Jun-20 YOY Mar-21 QOQ
Total Income (Rs cr) ₹ 1,140.44 ₹ 1,430.34 -20.27% ₹ 1,019.36 11.88%
Net Profit (Rs cr) ₹ 76.93 ₹ 139.09 -44.69% ₹ 235.50 -67.33%
Diluted EPS (Rs) ₹ 3.66 ₹ 6.32 ₹ 11.21
Net Margins 6.75% 9.72% 23.10%

The above news was originally posted on www.indiainfoline.com

Sugar Times Team
Sugar Times Teamhttps://www.sugartimes.co.in
The Sugar Times Editorial Team is a group of experienced journalists, analysts, and industry experts dedicated to providing in-depth coverage and insights on the global sugar industry. With years of experience in agriculture, trade, sustainability, and market trends, the team brings a wealth of knowledge and expertise to every article they produce.Focused on delivering accurate, timely, and relevant news, the Sugar Times Editorial Team aims to keep industry professionals, stakeholders, and enthusiasts informed on key developments in sugar production, trade policies, innovations, and sustainable practices. Their collective goal is to help readers navigate the complexities of the sugar sector and stay ahead of emerging trends shaping the future of the industry.You may submit your article on info@sugartimes.co.in if you have valuable contributions for the industry readers.
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