BCL Industries FY26 Investor Presentation Highlights

Total Revenue: ₹611 Cr, declined 18% YoY (Q4 FY25: ₹747 Cr) and 19% sequentially (Q3 FY26: ₹758 Cr)
EBITDA: ₹58 Cr, increased 11% YoY (Q4 FY25: ₹52 Cr) but declined 15% sequentially (Q3 FY26: ₹68 Cr)
EBITDA Margin: 9.5%, improved 250 bps YoY and 50 bps sequentially
Profit Before Tax: ₹37 Cr, increased 5% YoY (Q4 FY25: ₹35 Cr) but declined 23% sequentially (Q3 FY26: ₹48 Cr)
Profit After Tax: ₹26 Cr, declined 7% YoY (Q4 FY25: ₹28 Cr) and 26% sequentially (Q3 FY26: ₹35 Cr)
PAT Margin: 4.3%, improved 60 bps YoY but declined 40 bps sequentially
Diluted EPS: ₹0.79, declined 8% YoY (Q4 FY25: ₹0.86) and 28% sequentially (Q3 FY26: ₹1.09)

Revenue from Operations: ₹2,904 Cr, essentially flat YoY (FY25: ₹2,910 Cr, -0.2%)
Total Revenue: ₹2,913 Cr including other income of ₹9 Cr
EBITDA: ₹251 Cr, increased 18% YoY (FY25: ₹214 Cr)
EBITDA Margin: 8.6%, improved 130 bps YoY (FY25: 7.3%)
Profit Before Tax: ₹167 Cr, increased 22% YoY (FY25: ₹137 Cr)
Profit After Tax: ₹126 Cr, increased 23% YoY (FY25: ₹103 Cr)
PAT Margin: 4.3%, improved 80 bps YoY (FY25: 3.5%)
Diluted EPS: ₹3.90, increased 20% YoY (FY25: ₹3.26)
Total Comprehensive Income: ₹128 Cr, increased 23% YoY (FY25: ₹104 Cr)

Total Assets: ₹1,647.8 Cr (FY25: ₹1,554.7 Cr)
Non-Current Assets: ₹910.6 Cr, including Plant Property and Equipment of ₹795.6 Cr
Current Assets: ₹737.2 Cr, including Inventories of ₹273.5 Cr, Trade Receivables of ₹80.2 Cr, and Cash and Bank Balances of ₹157.5 Cr
Total Equity: ₹951.1 Cr (FY25: ₹831.4 Cr), comprising Share Capital of ₹29.5 Cr and Other Equity of ₹880.4 Cr
Non-Current Liabilities: ₹329.9 Cr, including Borrowings of ₹283.5 Cr
Current Liabilities: ₹366.8 Cr, including Borrowings of ₹284.6 Cr and Trade Payables of ₹51.2 Cr
Net Debt position not explicitly quantified but total borrowings stood at ₹568.1 Cr (₹283.5 Cr non-current + ₹284.6 Cr current)

Commissioned additional 150 KLPD distillery capacity at Bathinda, enhancing total installed grain-based distillery capacity to 900 KLPD
Awaiting C2 tender to participate with newly added capacity
Started exporting ENA through various traders and supplying bulk spirit to pharma companies to offset lower ethanol allocation from government OMCs
Prices of ENA and ethanol supplied to private companies have declined, requiring competitive bidding to maintain 100% capacity utilization
Country liquor volumes increased 20% YoY, driven by strong demand and new launches in PML (Punjab Medium Liquor)

Consolidated figures include Svaksha Distillery Ltd (75% stake) and Goyal Distillery Pvt Ltd (100% stake)
Planning to acquire additional 25% stake in Svaksha Distillery by June 30, 2026, for ~₹55 Cr investment
Post-transaction, Svaksha Distillery will become wholly owned subsidiary
Svaksha operates 350 KLPD grain-based ENA/Ethanol distillery
Acquisition of Goyal Distillery adds 250 KLPD ethanol capacity

Successfully exited packaged edible oil business
Focus shifted to distillery and refinery segments to support margin stability
Continuing oil trading operations with bulk overseas procurement of crude soft oils for better pricing efficiency
Using cash-based imports instead of Letters of Credit for better price negotiation
Commissioned maize oil extraction unit at Svaksha Distillery for forward integration

75 KLPD biodiesel plant registered with OMCs as approved supplier
Plant offers flexibility to operate between biodiesel production and soft oil refining based on commercial viability
Pioneer in using agricultural waste for fuel requirements with 60 TPH paddy straw biomass boiler
Commissioned another 55 TPH paddy-based boiler, meeting 100% of steam and power requirements

Strengthening foothold in IMIL (Indian Made Indian Liquor) segment
Launched 2 additional brands in country liquor (PML), expanding portfolio breadth
Planning entry into IMFL (Indian Made Foreign Liquor) value segment within next 2 years
Intending to introduce IMFL in Vodka and Whiskey categories
Adding 250 KLPD distillery capacity in Haryana

| Metric (₹ Cr) | FY24 | FY25 | FY26 |

| Total Revenue | 2,209 | 2,919 | 2,913 |

| EBITDA | 199 | 214 | 251 |

| EBITDA Margin % | 9.02% | 7.3% | 8.6% |

| PAT | 96 | 103 | 126 |

| PAT Margin % | 4.4% | 3.5% | 4.3% |

| Total Assets | 1,300.7 | 1,554.7 | 1,647.8 |

| Total Equity | 673.5 | 831.4 | 951.1 |