Balrampur Chini Mills Q1 Results Downfall at Total Revenue of ₹1,421.60 crores & Net Income ₹70.15 crores

Balrampur Chini Mills Growth Overview

Balrampur Chini Mills Q1 Results: Balrampur Chini Mills reported its financial results for the first quarter of June 2024, showing some important changes compared to previous periods. The total revenue for this quarter was ₹1,421.60 crores, which is a YoY increase of 2.30% from ₹1,389.62 crores in June 2023. However, it decreased QoQ by 0.88% from ₹1,491.53 crores in March 2023. The selling, general, and administrative expenses were ₹91.90 crores, down 14.69% QoQ from ₹101.01 crores in the last quarter and a 3.35% increase YoY from ₹88.92 crores in June 2023.

Despite a rise in revenue, operating income fell sharply to ₹123.54 crores, which is a significant drop of 59.11% QoQ compared to ₹363.71 crores in the previous quarter, but only a slight increase of 0.76% YoY from ₹122.61 crores. The net income also showed a worrying trend, falling to ₹70.15 crores, a decrease of 65.51% YoY from ₹73.51 crores and 64.62% QoQ from ₹254.45 crores in March 2023. Overall, Balrampur Chini Mills faced challenges in the current quarter, despite some growth in revenue.

Here’s a summary of Balrampur Chini Mills' Q1 results for June 2024 in a table format:

Source: Here 

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Balrampur Chini Mills Q1 Results

The Balrampur Chini Mills financial results table shows important financial information for the company for the quarter ending on June 30, 2024. The company reported a revenue of ₹142,159.95 lakhs from its operations, which is slightly lower than the previous quarter's revenue of ₹143,425.76 lakhs. This indicates a small decrease in sales. The company also earned ₹767.78 lakhs from other income, which is an increase compared to ₹430.41 lakhs in the previous quarter.

When looking at the total income, Balrampur Chini Mills earned ₹142,927.73 lakhs, a slight drop from the previous quarter. The total expenses were ₹133,409.73 lakhs, which increased compared to ₹115,710.16 lakhs in the prior quarter. This means the company spent more money on various costs, leading to a profit before tax of ₹9,518.00 lakhs, significantly lower than ₹28,146.01 lakhs from the previous quarter. After deducting taxes, the profit for the quarter was ₹6,463.22 lakhs, also down from ₹19,732.17 lakhs.

( In lakhs except EPS data) 

Balrampur Chini Mills Stock Metrics

Balrampur Chini Mills is a major sugar manufacturer in India, with a market capitalization of ₹12,275 crore. The current stock price is ₹608, having reached a high of ₹626 and a low of ₹343 in recent trading. The price-to-earnings (P/E) ratio is 23.1, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹169, showing the company's net asset value. The dividend yield is 0.49%, meaning shareholders earn a small return from dividends. 

Here’s the financial information you provided in a clearer format:

Quarterly Results 

Balrampur Chini Mills reported its financial results for December 2023, March 2024, and June 2024, showing mixed performance. In December 2023, the company earned sales of Rs. 1,230 crores and had a net profit of Rs. 91 crores. By March 2024, sales increased to Rs. 1,434 crores, and net profit jumped significantly to Rs. 203 crores, indicating strong financial health and effective cost management. However, in June 2024, sales slightly decreased to Rs. 1,422 crores, and net profit dropped to Rs. 70 crores. 

Here are the financial results for December 2023, March 2024, and June 2024 with their particulars:

About Balrampur Chini Mills 

Balrampur Chini Mills is one of the largest sugar manufacturing companies in India, founded in 1975. It started as a sugar producer and later expanded into other areas, like distilling alcohol and generating power. This makes BCML not just a sugar company but also an important player in the energy sector. The company produces various products, including molasses, ethanol, and bagasse, which is used for power generation.

Under the leadership of Mr. Vivek Saraogi, who has held important positions in industry associations, BCML has grown significantly. The company has a cane crushing capacity of 80,000 tonnes per day, a distillery capacity of 1,050 kiloliters per day, and a power generation capacity of 176 megawatts. BCML aims to create a strong identity that goes beyond just sugar. Its mission includes being a great place to work, being respected globally as an agricultural energy company, and setting high standards in the industry. The company values urgency, protecting farmer confidence, and prudent risk management. With a focus on creating leaders at every level, Balrampur Chini Mills is committed to innovation and excellence in its operations.