Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q3 FY2025 Earnings Presentation
36 slides from Balrampur Chini Mills's earnings presentation, Feb 7, 2025
Slide 1: Investor Presentation filing letter to exchanges
7th February, 2025 National Stock Exchange of India Limited BSE Limited Listing Department, The Corporate Relationship Department ‘Exchange Plaza’, C/1, G Block, Bandra 1st Floor, New Trading Wing, Rotunda Kurla Complex, Bandra (E), Building, Phiroze Jeejeebhoy Towers, Mumbai 400051. Dalal Street, F
Slide 2: Q3 & 9M FY25 Results Presentation
“STRETCH” Deepening competence. Widening horizon. Q3 & 9M FY25 Results Presentation 7th February 2025
Slide 3: Safe Harbour
Safe Harbour Certain statements made in this document may constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technologica
Slide 4: Conference Call Details
Conference Call Details Q3 & 9M FY2025 Earnings Conference Call Time Pre-registration Primary dial-in number 12:00 noon. IST on To enable participants to connect to the + 91 22 6280 1141 10th February, 2025 conference call without having to wait for + 91 22 7115 8042 an operator, please register at
Slide 5: Q3 & 9MFY25 Performance
Performance aaa Q3 & 9MFY25
Slide 6: A message from the Chairman and Managing Director
A message from the Chairman and Managing Director Commenting on the “During the quarter, the sugar segment delivered strong performance, driven by higher profitability from improved margins. In performance for Q3 & 9M FY25, contrast, the Distillery segment faced challenges due to lower alcohol recov
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Revenue (Rs. Cr.) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) Basic EPS (Rs.) 92.3 4.53 1,230.4 1,192.2 123.2 72.4 3.49 89.0 10.0% 7.5% 7.5% 6.1% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Revenue (Rs. Cr.) PBT (Rs. cr) PBT Margin (
Slide 8: Standalone Financial Performance
Standalone Financial Performance Revenue (Rs. Cr.) EBITDA (Rs. cr) EBITDA Margin (%) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) 1,230.4 1,192.2 82.8 79.9 113.4 123.8 61.2 64.6 9.2% 10.4% 6.7% 6.7% 5.0% 5.4% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Revenue (Rs. Cr.
Slide 9: Q3 FY25 Standalone Performance Review
Q3 FY25 Standalone Performance Review Q3 FY24 Q3 FY25 Variance Key Reasons (Rs. Crs.) (Rs. Crs.) (%) Revenue from operations 1,230.39 1,192.15 (3.1)% Due to lower volume in distillery segment Other income 19.30 6.77 (64.9)% Mainly on account of lower treasury income Cost of materials consumed 1,228.
Slide 10: Business Performance
Business Performance 9
Slide 11: Sugar
Sugar 10
Slide 12: Sugar Segment – Financial Performance
Sugar Segment – Financial Performance Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Total Sugar Sales Average realization of sugar (lac quintals) (Rs./kg) 120.4 1,269.9 76.1 39.4 38.6 1,161.0 22.82 23.33 6.6% 9.5% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Revenue (Rs. Cr.) PB
Slide 13: Sugar Segment – Operational Performance (1 of 2)
Sugar Segment – Operational Performance (1 of 2) Sugarcane crushed Net Sugar Recovery (%) * Sugar Recovery Pre-sacrifice Sugar Production (lac quintals) (%) (lac quintals) 357.46 9.35 323.84 8.43 11.03 10.55 30.27 30.12 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Sugarcane crushe
Slide 14: Sugar Segment – Operational Performance (2 of 2)
Sugar Segment – Operational Performance (2 of 2) Sugarcane diverted towards Sugarcane diverted towards Sugar sacrifice under B- Sugar sacrifice under Syrup B-heavy route (lac quintals) Syrup route (lac quintals) heavy route (lac quintals) route (lac quintals) 216.47 3.29 4.31 193.12 40.25 3.05 2.39
Slide 15: Movement in Sugar Costs, Inventory & Valuation
Movement in Sugar Costs, Inventory & Valuation 9M FY24 (Rs./quintal) 9M FY25 (Rs./quintal) Sugar Inventory (including WIP) (lac quintals) 4,121 3,989 3,754 3,813 3,826 31.6 3,707 23.0 Cane Cost of Sugar Cane Cost of Sugar Component Production Inventory Component Production Inventory of Sugar Valuati
Slide 16: Distillery & Co-generation
Distillery & Co-generation 15
Slide 17: Distillery Segment – Financial Performance
Distillery Segment – Financial Performance Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Sales * (Cr BL) Average blended realization (including ENA & Other 250.49 35.1 Products) ** (Rs./BL) 211.42 56.5 58.0 14.0% -8.5 4.2 3.5 -4.0% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Re
Slide 18: Distillery Segment – Operational Performance (1 of 2)
Distillery Segment – Operational Performance (1 of 2) Ethanol Production from B-heavy Ethanol Production from Syrup route Ethanol Production from Grain route molasses route (Cr BL) (Cr BL) (Cr BL) 2.76 2.62 2.76 3.69 10.76 1.50 1.73 4.88 1.45 1.04 0.33 0.00 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3
Slide 19: Distillery Segment – Operational Performance (2 of 2)
Distillery Segment – Operational Performance (2 of 2) Ethanol Production from C- ENA & Other Products Stock of Alcohol (Cr BL) heavy molasses route (Cr BL) Production (Cr BL) 1.12 1.07 1.54 1.92 1.95 31st Dec. 2023 31st Dec. 2024 0.30 0.33 0.43 0.05 0.03 Stock of B-heavy Stock of C-heavy Stock of Sy
Slide 20: Update on distillery business
Update on distillery business Ethanol prices under the EBP Programme for ESY 2024-25 are as under: Sl. Price of Ethanol under various feed-stock (Rs./BL) Total Allocation (Cr BL) (till Cycle-2) 930.3 No. Ethanol Year C-route B-route Syrup DFG SFG Maize 592.9 ESY 2023-24: 1 56.28 60.73 65.61 64.00 58
Slide 21: Co-generation – Performance
Co-generation – Performance Power Generated Power Exported Average Realization Stock of Bagasse (lac MT) (Cr Units) (Cr Units) (Rs./Unit) 2.4 22.0 22.2 10.5 1.8 10.0 3.86 3.71 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 31st Dec. 2023 31st Dec. 2024 Power Generated Power Exported * Average Reali
Slide 22: Polylactic Acid
Polylactic Acid 21
Slide 23: Poly Lactic Acid (PLA) Project – Financial Update
Poly Lactic Acid (PLA) Project – Financial Update Higher capex to lay the foundation for enduring Gross Capex ~ Rs. 2850 crores operational excellence through out the life cycle Net capex: ~ Rs. 1750 crores post expected capital subsidy as per Funding proposed U.P. Govt. Scheme • ₹ 1650 crores debt
Slide 24: Poly Lactic Acid (PLA) Project – Current status
Poly Lactic Acid (PLA) Project – Current status ❑ Entire land for the Project has been acquired ❑ Contracts for foreign technology partners viz. Sulzer and Alpine has been executed ❑ EPCM contract executed with Jacobs Solutions ❑ Vendors for Long Lead Items have been finalized ❑ Till 31st December 2
Slide 25: Poly Lactic Acid (PLA) Project – Financial Update (contd.)
Poly Lactic Acid (PLA) Project – Financial Update (contd.) Uttar Pradesh State Government announced Bio Plastic Industrial Policy 2024 On 4th October,2024. Under this Policy, companies investing ₹1,000 crore or more in bioplastic manufacturing are eligible for the following incentives: • 50% capital
Slide 26: Treasury Management Update
Treasury Management Update Long-term credit rating assigned by CRISIL stands at AA+ with Stable outlook and Short-term credit rating assigned by CRISIL stands at A1+. In Jan-25, Company has been assigned rating of “IND A1+” to its Short-term During 9M FY25, the Company Ratings by India Ratings in ad
Slide 27: Standalone Cash Flow Analysis
Standalone Cash Flow Analysis Rs. Cr Sl. Particulars FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24 H1 23-24 H1 24-25 no. 1 Profit before tax 554.93 596.11 655.61 396.97 610.19 245.92 89.33 Cash generated from operating 2 849.61 649.21 694.65 452.91 177.83 1613.58 1897.56 activities Net cash (used in)
Slide 28: Global & Indian Sugar Sector Overview
Global & Indian Sugar Sector Overview 27
Slide 29: Global Sugar Production Outlook
Global Sugar Production Outlook ( metric million tonnes) 2023-24 2024-25 (Expected) CS Brazil 43.00 CS Brazil 39.80 Net of sugar Assuming India 32.00 sacrifice of ~2 India 27.25 sugar sacrifice MMT of ~3.75 MMT Thailand 8.70 Thailand 11.00 EU & UK 16.70 EU & UK 17.80 China 10.10 China 10.60 Rest of
Slide 30: Factors influencing global sugar industry trends
Factors influencing global sugar industry trends Weather & Production (24-25): Global oil prices • Brazil - Adverse weather conditions with 179.5 higher mix towards Ethanol have resulted in lower sugar production. Government policies catalyzing the shift Million tonnes, global • EU & UK – Expanded b
Slide 31: Domestic Sugar Balance Sheet
Domestic Sugar Balance Sheet ( metric million tonnes) 22-23 23-24 (Estimated) 24-25 (Projected) Net of sugar sacrifice Net of sugar sacrifice Assuming 32.80 of ~3.8 MMT 32.00 of ~2 MMT 27.25 28.00 sugar 29.05 sacrifice 27.85 of ~3.75 MMT 8.00 8.00 7.00 6.40 6.25 5.55 5.55 0.50 1.00 Op. Prod. Cons. E
Slide 32: India: World's Largest Sugar Consumer
India: World’s Largest Sugar Consumer India's Sugar Consumption (MMT) CAGR 2.05% ⚫ Steady & sustainable demand 27.40 27.85 29.05 28.00 opportunity: 25.30 26.50 ⚫ Sugar consumption in India is expected to grow. Key demand drivers include GDP growth, rising disposable income, increasing demand for pro
Slide 33: Update on Auxilo Finserve Private Limited – An Associate of BCML
Update on Auxilo Finserve Private Limited – An Associate of BCML Equity Shareholding Pattern as on 31st December 24 (%) * Extract of profitability (Rs. Cr except EPS) 30.5 30.5 Particulars 9M Dec- 2024 12M Mar-2024 Revenue from operations 378.7 356.7 8.4 9.5 6.3 7.9 5.2 1.7 Profit for the year 77.3
Slide 34: Key Events to Watch Out
Key Events to Watch Out ❑ State Advised Price (SAP) of sugarcane in Uttar Pradesh for sugar season 2024-25 ❑ Revision in Minimum Selling Price (MSP) of sugar 33
Slide 35: Contact Us
Contact Us About Balrampur Chini Mills Limited For more information on the Company, please CIN: L15421WB1975PLC030118 log on to www.chini.com Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of For further information contact: the
Slide 36: Thank You
Thank You 35
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