Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q3 FY26 Earnings Presentation
37 slides from Balrampur Chini Mills's earnings presentation, Feb 10, 2026
Slide 1: Exchange filing cover letter for Q3 FY26 results presentation
10th February, 2026 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. Q3FY26 Results Presentation
STRETCH. Deepening Competence. Widening Horizons. At the cusp of a decisive transformation in its identity Q3FY26 Results Presentation 10th February 2026
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 11th February, 2026 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: Q3FY26 Performance
Q3FY26 Performance BCML | Q3FY26 Results 4
Slide 6: Message from Chairman and Managing Director
MESSAGE FROM Chairman and Managing Director Commenting on the performance for Q3FY26, MR. VIVEK SARAOGI, Chairman and Managing Director of Balrampur Chini Mills Limited, said: “During the quarter, the sugar segment delivered strong performance, driven by improved realizations inspite of increase in
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Revenue (Rs. Cr.) Basic EPS (Rs.) PBT (Rs. Cr.) PBT Margin (%) TCI (Rs. Cr.) TCI Margin (%) 5.62 1,454.12 1,192.15 171.06 89.02 114.47 3.49 72.36 7.5% 11.8% 6.1% 7.9% Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 562.25 21.65 5415.38 438.84 4,667.16 3,911
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 (%) 1,454.12 107.81 1,192.15 64.62 163.16 79.99 201.84 123.78 6.7% 5.4% 7.4% 11.2% Q3FY25 Q3FY26 Q3FY25 Q3FY26 10.4% 13.9% Q3FY25 Q3 FY26 Q3FY25 Q3FY26 14.1% 5,
Slide 9: Q3FY26 Standalone Performance Review
Q3FY26 Standalone Performance Review Q3 FY25 Q3 FY26 Variance Key Reasons (Rs. Crs.) (Rs. Crs.) (%) Higher volume and realizations in sugar and distillery divisions Revenue from operations 1192.15 1454.12 21.97% led to higher revenues Other income 6.77 9.53 40.70% Mainly owing to gain on sale of liq
Slide 10: Business Performance
P Balrampur Chini Mills Limited BUSINESS PERFORMANCE
Slide 11: Sugar
SUGAR BCML | Q3FY26 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) 1,406.54 182.46 41.03 23.33 23.34 120.38 1,269.86 38.63 Q3FY25 Q3FY26 Q3FY25 Q3FY26 9.5% 13.0% Q3FY25 Q3FY26 Q3FY25 Q3FY26 467.61 94.22 40.71 4,
Slide 13: Sugar Segment Operational Numbers (1 of 2)
SUGAR SEGMENT Operational Numbers (1 of 2) Sugarcane Crushed Net Sugar Recovery Sugar Production (lac quintals) Sugar Recovery Pre-Sacrifice (%)* (lac quintals) 387.59 (%) 33.40 357.46 8.62 10.63 30.12 10.55 8.43 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 11.32 97.07 1033.99 9.39 10.80
Slide 14: Sugar Segment Operational Numbers (2 of 2)
SUGAR SEGMENT Operational Numbers (2 of 2) Sugarcane diverted towards Sugarcane diverted towards Sugar sacrifice under Syrup route (lac quintals) Sugar sacrifice under B-heavy route (lac quintals) B-heavy route (lac quintals) Syrup route (lac quintals) 3.29 3.32 4.31 4.50 216.47 230.73 40.25 40.82 Q
Slide 15: Distillery
DISTILLERY BCML | Q3FY26 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 353.31 12.56 Products) ** (Rs./BL) 5.59 60.17 211.42 3.50 (8.53) 58.00 Q3FY25 Q3FY26 Q3FY25 Q3FY26 3.6% Q3FY25 Q3FY26 (4.0%) Q3FY25 Q3FY26 23.44
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) 7.11 7.20 (Cr BL) 4.75 8.37 4.88 2.76 2.87 2.76 2.91 1.73 1.73 1.04 1.23 - 0.07 Q3FY25 Q3FY26 9MFY25 9MFY26 FY 25 Q3F
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) 1.85 1.54 1.61 1.07 1.04 2.85 0.75 1.16 2.02 1.95 31st Dec. 2024 31st Dec. 2025 31st Dec. 2024 31st De
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 | Q3FY26 Results 19
Slide 21: Co-generation – Operational Numbers
Co-generation – Operational Numbers Power Generated (Cr Units) Power Exported (Cr Units) Average Realization (Rs./Unit) 22.94 24.23 4.25 9.96 10.84 3.71 Stock of Bagasse (lac MT) Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 2.41 2.05 37.17 81.81 4.71 4.62 4.35 18.97 18.99 31st Dec. 2024 31st Dec. 2025
Slide 22: Poly Lactic Acid (PLA)
POLY LACTIC ACID (PLA) BCML | Q3FY26 Results 21
Slide 23: Poly Lactic Acid (PLA) Project
Poly Lactic Acid (PLA) Project FINANCIAL UPDATE GROSS CAPEX: ~ Rs. 2850 crores NET CAPEX: ~ Rs. 1750 crores post expected capital subsidy as per U.P. Govt. Scheme FUNDING PROPOSED • ₹ 1650 crores debt • ₹ 1200 crores from internal accruals CAPACITY 80,000 TPA (optimized from 75,000) REVENUE ~ Rs. 20
Slide 24: Poly Lactic Acid (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: Poly Lactic Acid (PLA) Project Progress
Poly Lactic Acid (PLA) Project PROGRESS Till 31st Jan. 2026 Company has spent Housing Phase-1 ready to move ~Rs. 1421 crores 90% Model Review Completed Over 3000 people on site on an average Structure erection ~30% complete R&D lab at site has been built and functioning Civil erection ~75% complete
Slide 26: Media Coverages: Bioyug PLA bottles and Prasad boxes
Media Coverages: Bioyug PLA bottles and Prasad boxes Distribution Dussehra Campaign at Ayodhya’s Ram Mandir BCML | Q3FY26 Results 25
Slide 27: Bioyug on Wheels
Bioyug on Wheels India’s First Mobile Awareness Platform for Sustainable Living Launched in Mumbai (May 2025), Bioyug on Wheels is driving nationwide awareness and adoption of sustainable materials - engaging thousands across Jharkhand, Madhya Pradesh, Gujarat, and Kerala through immersive demos, ex
Slide 28: Bioyug on Wheels: Engaging Communities, Inspiring Change
Brings Clean Innovation Straight To The People. From Vision to Action Since launch in May 2025 to Sep 2025 Engaging Communities, Inspiring Change For more information visit - https://balrampurbioyug.com/bioyug-on-wheels BCML | Q3FY26 Results 27
Slide 29: Poly Lactic Acid (PLA) Project Market Entry Progress
Poly Lactic Acid (PLA) Project Business Development Supplier Network: Strategic relationship with three primary suppliers to distribute under BioYug Government Engagement brand grades. • BIS standards approved for PLA straws and bags • Standards development: bottles (≤500ml water) and cutlery via BI
Slide 30: Treasury Management
TREASURY MANAGEMENT BCML | Q3FY26 Results 29
Slide 31: Treasury Management Update
Treasury Management Update Long-term credit rating reaffirmed by CRISIL stands at AA+ with Stable outlook. Short-term credit rating reaffirmed by CRISIL stands at A1+. During 9MFY26, the Company: Company has also obtained second rating from India Ratings. India Ratings has affirmed Long-term rating
Slide 32: Standalone Cash Flow Analysis
Standalone Cash Flow Analysis Rs. in crores FY 21-22 FY 22-23 FY 23-24 FY 24-25 H1FY25 H1FY26 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) (858.75)
Slide 33: Update on Auxilo Finserve Private Limited
UPDATE ON AUXILO FINSERVE PRIVATE LIMITED (AN ASSOCIATE OF THE COMPANY)
Slide 34: 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 31st Dec. 25 (%) * Particulars FY 2024-25 Q3FY26 Q3FY25 9MFY26 30.47 30.47 9.54 Revenue from operations 528.10 170.60 137.44 507.80 8.42 5.16 6.31 7.94 1.69 P
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 — Q3 FY26 Earnings Presentation on 6ix