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