Financial Performance Overview
Balrampur Chini reported strong FY26 results with standalone revenue growth of 15.8% to ₹62,711.465 crore and EBITDA increase of 5.26% to ₹77,809.12 crore. Net profit stood at ₹34,721.74 crore. The company declared a 350% interim dividend of ₹3.50 per share with no final dividend proposed due to PLA project funding requirements. Consolidated revenue was identical to standalone at ₹62,711.465 crore with net profit of ₹37,846.34 crore.
Operational Performance
Sugar Division
- Sugarcane crushed: 1031.55 lakh quintals
- Sugar produced: 95.72 lakh quintals with 9.28% recovery
- Sugar sales: 100.56 lakh quintals at ₹40.73/kg
- Sugar inventory: 66.56 lakh quintals valued at ₹36.70/kg
Distillery Division
- Industrial alcohol production: 2700.10 lakh BL
- Ethanol production across multiple routes: syrup (844.22 lakh BL), B-heavy molasses (965.65 lakh BL), grains (474.56 lakh BL)
- Blended realization: ₹60.15/BL
Co-generation
- Power generated: 8279.21 lakh units
- Power exported to UPPCL: 2132.33 lakh units at ₹4.37/unit
- Open access export: 1541.11 lakh units at ₹4.79/unit
Strategic Expansion: PLA Project
The company is diversifying into bioplastics with an 80,000 tonnes per annum Polylactic Acid (PLA) project under implementation at Kumbhi unit. Capital work-in-progress stands at ₹17,470.735 crore with total project cost revised to ₹3,080 crore. The company secured ₹75 crore grant from Biotechnology Industry Research Assistance Council (BIRAC) and approved ₹450 crore preferential issue for project funding. Commercial commissioning is expected in H2 FY27.
AGM Resolutions and Voting
Shareholders will vote on nine resolutions including:
- Reappointment of Vivek Saraogi as Chairman and Managing Director for 5 years with ₹62.50 lakh monthly remuneration
- Reappointment of Avantika Saraogi as Executive Director for 5 years with ₹25 lakh monthly remuneration
- Acceptance of ₹75 crore BIRAC grant for PLA project
- Ratification of cost auditor remuneration
- Appointment of Vartika Shukla as Independent Director
Remote e-voting will be available through KFin Technologies from September 13-15, 2026, with results declared within two days of meeting conclusion.
Corporate Governance and Risk Management
The Board comprises 7 directors (4 Independent, 3 Executive) with 8 meetings held during FY26. The company maintains a comprehensive risk management framework covering cane availability, pricing, operational, and emerging risks. Extensive mitigation strategies include farmer engagement, varietal rebalancing, technology upgradation, and cybersecurity measures.
Capital Structure and Financing
Equity share capital increased to ₹2,019.50 lakhs due to ESAR allotments. Total borrowings stood at ₹316,935.41 crore comprising term loans (₹90,824.95 crore) and working capital loans (₹217,210.46 crore). The PLA project is funded through term loans from HDFC, PNB, IndusInd, and Axis banks secured by first charge on assets.
Compliance and Regulatory Matters
The company confirms compliance with Companies Act, 2013, SEBI Listing Regulations, and all statutory requirements. Financial statements were prepared under Indian Accounting Standards (Ind AS) and audited by Lodha & Co LLP without qualifications. The company maintains ISO 14001 (Environmental) and 45001 (Safety) certifications and has carbon neutrality target of 2047.
Human Resources and CSR
Workforce of 5,985 employees with extensive training programs. CSR expenditure of ₹984.27 crore exceeded mandatory obligation of ₹823.40 crore, focusing on education, healthcare, livelihood, rural development, and environment.