Balrampur Chini Mills Limited announced its Q1 FY27 financial results through a results presentation dated August 11, 2026. The disclosure includes both consolidated and standalone financial performance, business segment analysis, and updates on strategic initiatives.

Financial Performance (Standalone)

Q1 FY27 vs Q1 FY26:

  • Revenue from operations: ₹1,294.03 crore (vs ₹1,192.56 crore in Q1 FY26)
  • EBITDA: ₹207.87 crore (vs ₹193.57 crore in Q1 FY26)
  • Profit Before Tax: ₹156.64 crore (vs ₹143.56 crore in Q1 FY26)
  • Profit After Tax: ₹117.48 crore (vs ₹107.67 crore in Q1 FY26)

Business Segment Performance

Sugar Segment:

  • Sugar inventory (including WIP) as on June 30, 2026: 45.67 lakh quintals valued at ₹37.19/kg
  • Comparative inventory as on June 30, 2025: 48.45 lakh quintals valued at ₹35.50/kg
  • Q1 FY27 sugar sales: 6.71 lakh quintals (Q1 FY26: 7.18 lakh quintals)
  • Sugarcane crushed in 2025-26 season: 1,767.21 lakh quintals (2024-25: 1,629.42 lakh quintals)
  • Sugar production in 2025-26: 179.64 lakh quintals (2024-25: 165.60 lakh quintals)

Distillery Segment:

  • Q1 FY27 revenue: ₹397.54 crore (Q1 FY26: ₹361.64 crore)
  • Q1 FY27 ethanol sales: 8.95 crore liters (Q1 FY26: 8.42 crore liters)
  • Transfer prices: B-heavy molasses at ₹1,360/quintal (Q1 FY26: ₹1,150), C-heavy molasses at ₹800/quintal (Q1 FY26: ₹600)

Co-generation Segment:

  • Q1 FY27 revenue: ₹58.43 crore (Q1 FY26: ₹56.36 crore)
  • Q1 FY27 power export: 10.56 crore units (Q1 FY26: 10.67 crore units)
  • UPERC increased tariff for export of power during FY25-26 effective April 1, 2024, with increases of ~₹0.45-0.91/unit

Poly Lactic Acid (PLA) Project Update

  • Capacity: 80,000 TPA (optimized from 75,000)
  • Revised project cost: ₹3,080 crore
  • Expected revenue at full capacity: ~₹2,000 crore
  • Project commissioning expected in H2FY27
  • Funding: ₹1,650 crore debt, ₹1,430 crore from equity/internal accruals
  • Company raised ₹450 crore through equity shares to fund revision in capex cost of ₹230 crore
  • During Q1FY27, availed long-term debt of ₹183.00 crore for PLA capex (eligible for 5% interest subvention for seven years under U.P. Bioplastic Industrial Policy, 2024)
  • Repayment of term loan for PLA business to commence from Q3FY29 payable in 20 equated quarterly installments

Government Support for PLA Project

  • Uttar Pradesh Government announced Bio Plastic Industrial Policy 2024 on October 4, 2024
  • Invest UP issued Letter of Comfort approving eligibility for incentives subject to commencement of commercial operations
  • Capital subsidy linked to Gross Capacity Utilisation Multiple (GCM): 40% minimum capacity in first year, 75% in subsequent years

Business Development Initiatives

  • BIS standards approved for PLA straws and bags
  • Progress on mandate development for bottles (≤500ml water) and cutlery via BIS
  • Development of lunch boxes and water bottles with IRCTC and Railneer in progress
  • Developed BOPLA as indigenous product in India
  • Progress on biodegradable Gutkha packaging standards initiated by PMO
  • Comprehensive testing conducted at CIPET, Bhubaneswar for gutkha pouch packaging structure
  • 175+ customers targeted, catering to 100+ customers (Direct + Hybrid)
  • 30+ trial ongoing projects with customers, 25+ trials successfully completed
  • First institutional order from Lucknow Cantonment Board for compostable garbage bags, 300ml PLA bottles, 3D-printed PLA compostable pens, and PLA folders

Bioyug on Wheels Initiative

  • India's first mobile awareness platform for sustainable living launched in May 2025
  • Engaged 250+ professionals across multiple states
  • Representatives from CPCB, state plastic associations, UPPCB, and Rajkot Municipal Corporation visited the initiative

Treasury Management

  • Long-term credit rating: CRISIL AA+ (Stable), India Ratings IND AA+ (Stable)
  • Short-term credit rating: CRISIL A1+, India Ratings IND A1+
  • Long-term borrowings as of June 30, 2026: ₹75.25 crore for existing business, ₹1,086.00 crore for PLA project
  • Yearly repayment schedule for existing business: ₹66.75 crore in FY2026-27, ₹8.50 crore in FY2027-28
  • During Q1FY27: Repaid ₹22.25 crore

Associate Company Update - Auxilo Finserve Private Limited

  • Company's share: 30.47% as of June 30, 2026
  • Net-worth of Auxilo: ~₹1,528.37 crore
  • Value of BCML's investment: ₹959.40 crore (based on last equity raise)
  • Investment details: 16.53 crore shares at average cost of ₹10.59/share, total investment ₹175.00 crore
  • Q1 FY27 performance: Revenue ₹167.92 crore (Q1 FY26: ₹164.05), PAT ₹20.55 crore (Q1 FY26: ₹31.97)
  • FY26 performance: Revenue ₹675.76 crore, PAT ₹116.87 crore
  • As of June 30, 2026: Total assets ₹5,531 crore, CRAR 29.74%, GNPA 0.52%, NNPA 0.12%

Company Overview

  • One of the largest integrated sugar companies in India
  • 10 sugar factories in Uttar Pradesh with aggregate sugarcane crushing capacity of 80,000 TCD
  • Distillery capacity: 1,050 KLPD
  • Cogeneration capacity: 175.7 MW (saleable)

Management Commentary

Chairman and Managing Director Mr. Vivek Saraogi stated that the company commenced the fiscal on a stable note with revenues up in both sugar and distillery segments due to higher realizations in sugar and higher volumes in distillery. The tight demand-supply situation has led to firming up of sugar prices. The company continues to work on cane development activities and varietal rebalancing.