Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q2 FY2026 Earnings Presentation
37 slides from Balrampur Chini Mills's earnings presentation, Nov 11, 2025
Slide 1: Results presentation cover letter to stock exchanges
11th November, 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), Mumbai Building, Phiroze Jeejeebhoy Towers Dalal 400051. Street, F
Slide 2: STRETCH. Deepening Competence. Widening Horizons.
STRETCH. Deepening Competence. Widening Horizons. At the cusp of a decisive transformation in its identity Q2FY26 Results Presentation 11th November 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 TIME & DATE PRE-REGISTRATION PRIMARY DIAL-IN NUMBER 12:00 noon. IST To enable participants to connect + 91 22 6280 1141 12th November, 2025 to the conference call without + 91 22 7115 8042 having to wait for an operator, please click the link to register. REGISTER HERE REGIST
Slide 5: Q2FY26 Performance
Q2FY26 Performance BCML | Q2FY26 Results 4
Slide 6: Message from Chairman and Managing Director
A MESSAGE FROM Chairman and Managing Director Commenting on the performance for Q2FY26, MR. VIVEK SARAOGI, Chairman and Managing Director of Balrampur Chini Mills Limited, said: ““BCML has delivered a healthy performance in a seasonally weak quarter. We reported improvement in volumes and realizatio
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Revenue (Rs. Cr.) Basic EPS (Rs.) PBT (Rs. Cr.) PBT Margin (%) TCI (Rs. Cr.) TCI Margin (%) 1,670.76 3.33 1,297.95 2.67 59.15 79.85 71.08 57.29 4.6% 4.8% 5.5% 3.4% Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 562.25 21.65 5415.38 438.84 3,213.04 141.05 2
Slide 8: Standalone Financial Performance
Standalone Financial Performance Revenue (Rs. Cr.) EBITDA EBIDTA PBT (Rs. Cr.) PBT Margin (%) TCI (Rs. Cr.) TCI Margin (%) (Rs. Cr.) Margin (%) 1,670.76 49.35 1,297.95 (0.5%) 70.59 0.43 120.40 49.08 -5.85 0.03% 3.0% 4.2% Q2FY25 Q2FY26 Q2FY25 Q2FY26 3.8% 7.2% Q2FY25 Q2 FY26 Q2FY25 Q2FY26 14.1% 5,415.
Slide 9: Q2FY26 Standalone Performance Review
Q2FY26 Standalone Performance Review Q2 FY25 Q2 FY26 Variance Key Reasons (Rs. Crs.) (Rs. Crs.) (%) Higher volume and realizations in sugar and distillery divisions Revenue from operations 1297.95 1670.76 28.72% led to higher revenues Other income 8.29 8.73 5.31% - Mainly owing to Maizapur distiller
Slide 10: Business Performance
P Balrampur Chini Mills Limited BUSINESS PERFORMANCE
Slide 11: Sugar
SUGAR BCML | Q2FY26 Results 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) 1,317.05 40.53 52.84 1,048.62 30.34 38.54 26.39 1.55 Q2FY25 Q2FY26 Q2FY25 Q2FY26 0.1% 4.0% Q2FY25 Q2FY26 Q2FY25 Q2FY26 467.61 94.22 4,897.41 40.
Slide 13: Sugar Segment Operational Numbers (1 of 2)
SUGAR SEGMENT Operational Numbers (1 of 2) Sugarcane Crushed Sugar Recovery Pre-Sacrifice Sugar Production Net Sugar Recovery (lac quintals) (%) (lac quintals) (%)* 11.15 11.38 1033.99 97.07 12.18 9.39 11.57 11.32 7.16 64.20 2.48 21.78 H1FY25 H1FY26 FY25 H1FY25 H1FY26 FY25 H1FY25 H1FY26 FY25 H1FY25
Slide 14: Sugar Segment Operational Numbers (2 of 2)
SUGAR SEGMENT Operational Numbers (2 of 2) Sugar sacrifice under Sugar sacrifice under Sugarcane diverted towards Sugarcane diverted towards B-heavy route (lac quintals) Syrup route (lac quintals) B-heavy route (lac quintals) Syrup route (lac quintals) 547.33 105.91 7.99 12.02 0.66 40.68 0.04 - - 2.
Slide 15: Distillery
DISTILLERY BCML | Q2FY26 Results 14
Slide 16: Distillery Segment Financial Performance
DISTILLERY SEGMENT Financial Performance PBIT (Rs. Cr.) PBIT Margin (%) Average blended realization Revenue (Rs. Cr.) Sales* (Cr BL) (including ENA & Other 59.36 Products) ** (Rs./BL) 405.01 5.89 61.28 264.46 32.97 4.57 54.62 Q2FY25 Q2FY26 12.5% 14.7% Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 192.31
Slide 17: Distillery Operational Numbers (1 of 2)
DISTILLERY SEGMENT Operational Numbers (1 of 2) Ethanol Production from B-heavy Ethanol Production from Syrup route Ethanol Production from Grain route molasses route (Cr BL) (Cr BL) 7.20 (Cr BL) 4.67 8.37 5.88 3.84 2.41 1.73 1.73 1.25 0.18 - - - 0.04 0.22 Q2FY25 Q2FY26 H1FY25 H1FY26 FY 25 Q2FY25 Q2
Slide 18: Distillery Operational Numbers (2 of 2)
DISTILLERY SEGMENT Operational Numbers (2 of 2) Ethanol Production from C-heavy ENA & Other Products Stock of Alcohol (Cr BL) Stock of Grains (lac quintal) molasses route (Cr BL) Production (Cr BL) 1.77 0.18 1.51 1.61 2.85 0.30 1.12 - 1.52 1.66 0.66 0.86 30th Sept. 2024 30th Sept. 2025 30th Sept. 20
Slide 19: Country's Ethanol Blending & UP Molasses Policy Update
Country’s Ethanol Blending & UP Molasses Policy Update Ethanol prices under the EBP Programme are as under: Sl. Price of Ethanol under various feed-stock (Rs./BL) Total Allocation ESY 2025-26 (Cr BL) (under Cycle1) No. Ethanol Year C-route B-route Syrup DFG SFG Maize 1048.6 ESY 2023-24: 760.0 1 56.2
Slide 20: Co-generation
CO-GENERATION BCML | Q2FY26 Results 19
Slide 21: Co-generation – Operational Numbers
Co-generation – Operational Numbers Power Generated * (Cr Units) Power Exported * (Cr Units) Average Realization (Rs./Unit) 5.33 2.03 6.80 3.54 4.50 1.75 Stock of Bagasse (lac MT) Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 1.11 0.58 37.17 81.81 5.82 5.09 4.35 30th Sept. 2024 30th Sept. 2025 18.81 9.0
Slide 22: Poly Lactic Acid (PLA)
POLY LACTIC ACID (PLA) BCML | Q2FY26 Results 21
Slide 23: Poly Lactic Acid (PLA) Project
Poly Lactic Acid (PLA) Project FINANCIAL UPDATE HIGHER CAPEX to lay the foundation GROSS CAPEX: ~ Rs. 2850 crores NET CAPEX: ~ Rs. 1750 crores post expected 1 for enduring operational excellence through out the life cycle capital subsidy as per U.P. Govt. Scheme CAPACITY 80,000 TPA (optimized from 7
Slide 24: PLA Project: Government Support
Poly Lactic Acid(PLA) Project GOVERNMENT SUPPORT 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 subsidy 5%
Slide 25: PLA Project: Progress
Poly Lactic Acid (PLA) Project PROGRESS Entire land for the Project has been acquired Other consents required for the Project is underway/applied for Contracts for foreign technology partners viz. Sulzer and Alpine has been executed R&D lab at site has been built EPCM contract executed with Jacobs S
Slide 26: PLA Project: Update on Statutory Compliance
Poly Lactic Acid (PLA) Project UPDATE ON STATUTORY COMPLIANCE Completed Activities: • IEM License for PLA • TOR for PLA (Bioplastic) manufacturing. • Environment Clearance for PLA (Bioplastic) manufacturing • Consent to Establish • Permission of ground water extraction and registration of borewells
Slide 27: PLA Project: Bioyug on Wheels
Poly Lactic Acid (PLA) Project Bioyug on wheels To drive nationwide awareness and adoption of PLA (Polylactic Acid) by showcasing its real- world applications through a mobile, interactive platform—Bioyug on Wheels Business Development • 175 + customers Educate the public Demonstrate PLA based Engag
Slide 28: Treasury Management
TREASURY MANAGEMENT BCML | Q2FY26 Results 27
Slide 29: Treasury Management Update
Treasury Management Update Long-term credit rating affirmed by CRISIL stands at AA+ with Stable outlook. Short-term credit rating affirmed by CRISIL stands at A1+. During H1FY26, the Company: Company has also obtained second rating from India Ratings. India Ratings has affirmed Long-term rating of “
Slide 30: Standalone Cash Flow Analysis
Standalone Cash Flow Analysis Rs. in crores FY 21-22 FY 22-23 FY 23-24 FY 24-25 Sept. Sept. 2024 2025 Profit before tax 655.61 396.97 610.19 470.40 89.33 133.77 Net Cash generated from operating activities 694.65 452.91 177.83 425.16 1808.22 2120.24 Net cash (used in) investing activities (309.38) (
Slide 31: Update on Auxilo Finserve Private Limited
UPDATE ON AUXILO FINSERVE PRIVATE LIMITED (AN ASSOCIATE OF THE COMPANY)
Slide 32: Update on Auxilo Finserve Private Limited
Update on Auxilo Finserve Private Limited AN ASSOCIATE OF BCML Extract of profitability (Rs. Cr except EPS) Equity Shareholding Pattern as on 30th Sept. 25 (%) * 30.47 30.47 Particulars FY 2024-25 Q1FY26 Q2FY26 8.42 9.54 7.94 Revenue from operations 528.10 164.24 173.15 5.16 6.31 1.69 Profit for the
Slide 33: Key Events to Watch Out For
® P Balrampur Chini Mills Limited KEY EVENTS TO WATCH OUT FOR
Slide 34: Key Events to Watch Out For
Key Events to Watch Out For Revision in Minimum Selling Price (MSP) of sugar Revision in Ethanol prices BCML | Q2FY26 Results 33
Slide 35: About Balrampur Chini Mills Limited
About Balrampur Chini Mills Limited CIN: L15421WB1975PLC030118 Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power. The Company presently has ten sugar factories
Slide 36: Need More Insights?
Need More Insights? Please log on to www.chini.com for more information about the company. For further information contact: REGISTERED OFFICE PRAMOD PATWARI FMC Fortuna, 2nd Floor, Chief Financial Officer 234/3A, A. J. C. Bose Road, Balrampur Chini Mills Limited Kolkata 700020. +91 33 2287 4749 pram
Slide 37: Thank You
® P Balrampur Chini Mills Limited THANK YOU
Balrampur Chini Mills — Q2 FY2026 Earnings Presentation on 6ix