Balrampur Chini Q4 Review - Maximising Ethanol Volumes To Drive Earnings: ICICI Direct

A truck is loaded with sugar in a warehouse at the Usina da Mata Ethanol, Sugar and Energy facility. (Photographer: Paulo Fridman/Bloomberg)

Balrampur Chini Q4 Review - Maximising Ethanol Volumes To Drive Earnings: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Balrampur Chini Q4FY21 Result Update.pdf

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