Page 4 - Balrampur Chini Mills
Negligible debt and scale make Balrampur Chini most profitable
It is unusual for a sugar company. But Kolkata headquartered Balrampur Chini made history last year by earning profit of Rs 592 crore, a manifold increase over the Rs 100 crore it earned in FY16, helped by a surge in realisations. The Saraogi family promoted company, however, is not the largest domestic producer of the sweetener. That position is held by Bajaj Hindusthan.Against Balrampur's production of 0.9 million tonnes in 16/17 sugar year (October-September), Bajaj made 1.34 million tonnes. But debt ridden Bajaj posted an annual loss of Rs 92 crore in FY17 (on revenues of Rs 4,633 crore) even though it earned a Rs 259 crore profit in the fourth quarter.Balrampur is not even the biggest in terms of revenue. The biggest by revenue is Renuka Sugars which also has sugar operations in Brazil. The company clocked revenue of Rs 11,944 crore in FY17 but reported a loss of Rs 1,039 crore. Renuka also produces more sugar than Bajaj if we include Brazilian operations. Owing to higher debt, ..
 "Negligible debt and scale make Balrampur Chini most profitable")
Balrampur Chini hits 52-week high as Q3 profit doubles
The stock was up 5% to Rs 162 in early morning trade after reported net profit of Rs 175 crore in Q3.
 "Balrampur Chini hits 52-week high as Q3 profit doubles")
