ICICI Direct: Balrampur Chini - Robust Cash Flow Generation; Significant Debt Reduction
White sugar is displayed in a sack as it is sold in a grocery store in Mumbai, India. (Photographer: Shirish Shete/Bloomberg News)  

ICICI Direct: Balrampur Chini - Robust Cash Flow Generation; Significant Debt Reduction

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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 a strong set of numbers with 50.5% revenue growth led by 41.7% growth in sugar segment and 96.2% growth in distillery segment.

The higher sugar sales were led by higher domestic monthly sales quota whereas distillery segment witnessed robust growth mainly on account of higher volumes led by commissioning of 160 kilo litres per day distillery in January 2020.

The company sold 3.07 lakh tonne of sugar and 5.6 crore litre of ethanol/extra neutral alcohol during the quarter.

Click on the attachment to read the full report:

ICICI Direct Balrampur Chini Q2FY21 Result Update.pdf

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