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
