Balrampur Chini Q4 Review - Maximising Ethanol Volumes To Drive Earnings: ICICI Direct
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ICICI Direct Report
Balrampur Chini Mills Ltd. reported 37.7% growth in operating profit in Q4 FY21 on account of higher distillery volumes and realisation.
The absence of sugar exports resulted in 41.4% revenue decline with similar fall in sugar segment sales.
The company sold 1.9 lakh tonne of sugar versus 4.5 lakh tonne in corresponding quarter whereas sugar realisation was flat at Rs 32.1/ kilogram.
In 2020-21 sugar season, the company saw 22% dip in sugar production mainly on account lower sugarcane yield in its catchment area due to red rot disease.
Distillery segment sales increased 18.1% with 11.5% increase in volumes, 4.7% higher realisation.
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