Q2 FY26 financial results: Balrampur Chini Mills delivers healthy performance this quarter

Balrampur Chini Mills Limited (BCML), one of the largest integrated sugar manufacturing companies in India, announced its financial results for the second quarter and half-year ended September 30, 2025.

Balrampur Chini Mills Limited has delivered a healthy performance in this quarter. The company reported improvement in volumes and realizations across sugar and distillery divisions.

CommenƟng on the performance for Q2 FY26, Mr. Vivek Saraogi, Chairman and Managing Director, Balrampur Chini Mills Limited (BCML), said:

“BCML has delivered a healthy performance in a seasonally weak quarter. We reported improvement in volumes and realizaƟons across Sugar and DisƟllery divisions that supported overall performance. Furthermore, profitability this quarter also benefited from the revision in power tariff w.e.f. 1st April2024.

India’s net sugar producƟon (post diversion to ethanol) is projected to rebound in the 2025–26 season, with an esƟmated output of 31 MMT, up ~19% from 26.1 MMT in the previous season. We are preparing for an expected upswing in our producƟon volumes supported by conducive weather condiƟons despite decline in sugarcane area.

The Government has recently allowed exports of 1.5MMT for 2025-26 sugar season. Considering India’s domesƟc consumpƟon at 28.5 MMT, the closing stock of sugar as on 30th Sep-2026 is expected to be around 6 MMT.

Despite a significant increase in sugarcane FRP and operaƟonal costs, the Government has not revised Ethanol prices under the Juice and B-heavy routes over last two years. We are hopeful that a Ɵmely upward revision in ethanol prices will be made to maintain the viability of sugar mills and their ability to make Ɵmely payments to farmers in ongoing season 2025-26 i.e. consecuƟve third year of rising cost burden. Likewise, revision in the Minimum Sale Price (MSP) of sugar will also be vital to sustain the sector’s financial health in a surplus year.

I am pleased to share that the Board of Directors at its meeƟng held today has announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to ouƞlow of ~Rs.70.7 crores.

We conƟnue to make healthy progress on PolylacƟc Acid (PLA) project. ConstrucƟon acƟviƟes are in full swing and we have also started developing the market by way of trading of imported PLA. Till 31st October 2025 ~Rs. 1093 crores have been spent (Rs. 570 crores via Debt and balance from internal accruals) on the project.

BCML stands commiƩed to sustainable value creaƟon by opƟmizing every aspect of our operaƟons, ensuring maximum value extracƟon from each sƟck of cane. The introducƟon of the PLA project diversifies our product range and aligns with global environmental goals by offering an environment friendly alternaƟve to tradiƟonal plasƟcs. Leveraging our integrated operaƟons and strong financial health, we remain dedicated to deepening our relaƟonships with Environment and enhancing operaƟonal efficiencies. We will conƟnue to invest judiciously and create value for our shareholders.”