ScoutQuest4 Nov 2026
Balrampur Chini Mills500038Quarterly results

Balrampur Chini Q2FY27: revenue up 12.3%, PLA plant on track for Q4FY27 commissioning

Q2FY27 revenue up 12.3% to Rs. 1,876.28 crore; consolidated PBT up 89.8% to Rs. 151.56 crore.

By ScoutQuest · · 1 min read

Consolidated Revenue Q2FY27
Rs. 1,876.28 crore, up 12.30% from Rs. 1,670.76 crore
Consolidated PBT Q2FY27
Rs. 151.56 crore, up 89.8%; margin 8.1% vs 4.8%; basic EPS Rs. 4.84 vs Rs. 2.67
PLA Plant (80,000 TPA) Timeline
Commercial operations expected Q4FY27; gross capex ~Rs. 3,080 crore; ~Rs. 2,000 crore revenue at full capacity
Period
Q2FY27
Positioning
Management calls BCML one of India's largest integrated sugar companies: ten UP sugar factories, 80,000 TCD crushing, 1050 KLPD distillery, 175.7 MW saleable cogeneration and India's first 80,000 TPA PLA plant.

📈 Consolidated revenue for Q2FY27 rose 12.30% to Rs. 1,876.28 crore from Rs. 1,670.76 crore, with PBT up 89.8% to Rs. 151.56 crore at an 8.1% margin versus 4.8% a year earlier; basic EPS was Rs. 4.84 against Rs. 2.67. On a standalone basis other income of Rs. 33.57 crore included Rs. 16.95 crore from forfeiture of earnest money deposits, a one-off the deck flags.

📈 The sugar segment carried the quarter: Q2FY27 revenue Rs. 1,578.06 crore, up 19.8%, and PBIT Rs. 140.75 crore, up 166.4%, on sugar sales of 32.85 lac quintals (up 8.3%) and average realisation of Rs. 46.40/kg (up 14.5%). The distillery segment moved the other way, with revenue down 19.9% to Rs. 324.59 crore and PBIT down 34.1% to Rs. 39.13 crore, which the company attributes to ethanol procurement prices not being revised despite higher cane prices and operating costs.

🏭 Management states the 80,000 TPA PLA plant remains largely on track, with commercial operations expected in Q4FY27; the project slide lists commissioning in H2FY27 at a gross capex of ~Rs. 3,080 crores, funded by Rs. 1,650 crores of debt and Rs. 1,430 crores of equity and internal accruals, and ~Rs. 2,000 crores of revenue at full capacity.

💰 The company says it has a Letter of Comfort from Invest UP under the UP Bio Plastic Industrial Policy 2024, which offers 50% capital subsidy, 5% interest subvention and 100% SGST reimbursement. As of 30 September 2026 long-term borrowings were Rs. 53.00 crores for the existing business and Rs. 1,221.00 crores for the PLA project, Rs. 318.00 crores of long-term debt was availed in H1FY27 and Rs. 44.50 crores repaid, while an interim dividend of Rs.…

UP Bio Plastic Industrial Policy 2024 announced Stamp duty exemption applies to land purchased after this date
Borrowings position date Long-term borrowings: Rs. 53.00 crores existing business, Rs. 1,221.00 crores PLA project
Sugar inventory valuation date 12.82 lac quintals valued at Rs. 38.74/kg versus 18.10 lac quintals at Rs. 36.27/kg a year earlier
Company's share in AFPL associate as of Shareholding in Auxilo Finserve Pvt. Ltd. stated at 30.47%
UP Bio Plastic Industrial Policy 2024 announced 4 Oct 2024 · Borrowings position date 30 Sep 2026 · Sugar inventory valuation date 30 Sep 2026 · Company's share in AFPL associate as of 30 Sep 2026
More numbers
  • Revenue, Q2FY27, consolidated1,876.28 (Rs. Cr.)
  • Profit before tax, Q2FY27, consolidated151.56 (Rs. Cr.)
  • PBT margin, Q2FY27, consolidated8.1%
  • Basic EPS, Q2FY27, consolidated4.84 (Rs.)
  • Sugar segment PBIT, Q2FY27140.75 (Rs. Cr.)
  • Distillery segment revenue, Q2FY27324.59 (Rs. Cr.)
  • PLA project gross capex~ Rs. 3080 crores
  • Long-term borrowings for PLA project, as of 30 September 2026Rs. 1221.00 crores
  • Interim dividend per equity shareRs. 4.00
Source: BSE · 4 Nov 2026

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