Page 2 - Balrampur Chini Mills

Balrampur Chini Q3 results: Net profit nearly doubles to Rs 91 crore

Leading sugar producer Balrampur Chini Mills Limited (BCML), on Thursday reported a 97 per cent jump in consolidated net profit to Rs 91.32 crore in the third quarter ended December 2023 on the back of better margins, against Rs 46.28 crore profit registered in the corresponding quarter last year. Revenue from operations for the quarter ended was Rs 1230.39 crore as against Rs 981.16 crore in the corresponding quarter of the last year, representing an increase of 25 per cent, the company said in a statement. EBITDA (excluding Other Income) during the quarter under review was higher by 42 per cent to Rs 113.39 crore as against Rs 79.67 crore in the corresponding quarter of the last year. BCML Chairman and Managing Director Vivek Saraogi said, "This quarter resulted in an improved supply of sugarcane for our operations. Overall, with our focused efforts on enhancing sugarcane quality and quantity, our cane development initiatives are on track and we expect to crush about 10 per cent

Sugar shares extend fall; Balrampur, Dhampur, Praj tank up to 15% in 2 days

The central government has directed all sugar mills not to use sugarcane juice or syrup for making ethanol in 2023-24 season, as the sugar production expected to be down in this year.

Balrampur Chini aims to maintain growth traction; acquisition on radar

Balrampur Chini Mills Ltd (BCML) expects its growth momentum to remain robust, fueled by increased crushing and higher yield in the current sugar season October 2023-September 2024, a top company official said. In addition to the organic growth it is achieving, the company is also exploring suitable "acquisition opportunities" in the inorganic space. "I don't want to stall our growth trajectory. We need to evaluate various opportunities to ensure sustained healthy growth given the favourable government policies. We expect our performance is going to be only better in the years to come," Avantika Saraogi, Promoter and Business Lead (New Initiatives), told PTI, without divulging specific targets. BCML's 2022-23 topline stood at Rs 4,728 crore. H1FY'24 (April-September 23) revenue jumped 33 per cent YoY to Rs 2,929 crore. Saraogi who played a pivotal role in BCML's success, expressed confidence in the company's future performance. The city-based sugar major, which operates ten sugar

Sugar shares rally up to 13% on positive outlook; Balrampur hits 52-wk high

Magadh Sugar & Energy, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 13 per cent on the BSE in Thursday's intra-day trade.

Aarti Drugs, Balrampur: 5 stocks that can surge up to 66% in Samvat 2080

Bayer Cropscience, Granules India and HLE Glasscoat are the other three stocks that can generate healthy returns till next Diwali, based on the existing chart patterns.

Sugar shares in focus; Balrampur, Dwarikesh, Triveni, Dhampur rally upto 7%

According to CRISIL, despite reduced exports and a decline in ethanol production, Ebitda margins of MSMEs in the sugar industry are projected to increase in the upcoming quarters

Sugar shares in focus; Balrampur, Dwarikesh, Dhampur, Dalmia rally up to 8%

Dalmia Bharat said the outlook for the FY2023-24 seems stable as there will be less pressure on stock levels and the company can expect improved profitability and realizations

Sugar stocks rally; Dalmia, Balrampur, Avadh, Uttam, Dhampur soar up to 13%

Significant optimism has returned to the sugar sector due to seasonal factors (festival period), and growing concerns on India's sugar production estimate for the upcoming season

Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO

Sugar prices are on a high with a fall in production primarily due to unseasonal showers in key growing areas of Maharashtra and Karnataka in March

Sugar shares rally on higher prices; Uttam, Avadh, Dalmia soar up to 10%

Sugar prices rose to a six-year high on Tuesday, amid concerns over a deficient monsoon.

Sugar stocks in focus; Dhampur, Uttam Sugar hit 52-wk high; soar up to 14%

The incremental tailwind is expected from attractive international prices, which could catalyse a positive in sugar realizations, Dwarikesh Sugar said in its financial year 2022-23 annual report.

Triveni, Renuka: Sugar stocks rebound, may further see up to 17% rise

Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high

Sugar shares in focus; Dwarikesh, Balrampur, Dhampur, Dalmia gain up to 5%

India has a cushion to export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year

Sugar stocks sweeten in weak market on hopes of higher export limit

Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.

Sugar stocks in focus; Balrampur Chini gains 3% as share buyback commences

The board of directors of Balrampur Chini on November 9 had approved Rs 145.44 crore share buyback at Rs 360 per share through the open market route.

Sugar shares trade higher in a weak market; Shree Renuka hits 11-year high

ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations

Sugar shares under pressure, decline up to 7%; Balrampur Chini at 2022 low

Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar are down in the range of 2 per cent to 7 per cent on the BSE.

Balrampur Chini Mills Q1 profit down 84% to Rs 12 cr; total income falls 4%

Balrampur Chini Mills Ltd on Thursday reported 84 per cent fall in consolidated net profit at Rs 12.38 crore for the quarter ended June. Its net profit stood at Rs 76.92 crore in the year-ago period. Total income fell to Rs 1,094.58 crore in the quarter from Rs 1,145.68 crore in the corresponding period of the previous year, according to a regulatory filing. Total expenses rose to Rs 1,077.72 crore during April-June 2022-23 from Rs 1,048.83 crore in the year-ago period. Balrampur Chini Mills is one of the leading sugar manufacturers in the country.

Sugar stocks sweeten up to 9% on hopes of additional 1 million exports

Rallying energy markets, tight sugar availability, COVID lockdowns in China and logistical issues from the fallout of Russia's military invasion of Ukraine have led to uptick in spot sugar prices.

Balrampur Chini snaps 3-day losing streak; stock gains 5% on heavy volumes

Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.