Balrampur Chini Mills soars around 7 per cent on announcement of Q1 numbers
DSIJ Intelligence / 31 Jul 2017
The company's total sales for Q1FY18 came in at Rs 1136.4 crore, which represents a 28 per cent sequential increase and 37.4 per cent YoY increase.
Balrampur Chini Mills reported its results for the quarter ended June 30, 2017 on Monday.
The company's total sales for Q1FY18 came in at Rs 1136.4 crore, which represents a 28 per cent sequential increase and 37.4 per cent YoY increase.
The company's operating profit (EBIT) for Q1FY18 amounted to Rs 182.9 crore and its EBIT margin stood at 16.1 per cent.
It reported PAT of Rs. 120 crore, which represents a sequential QoQ decline of 40.1 per cent and a YoY increase of 8.4 per cent.
Balrampur Chini Mills is one of the largest integrated sugar manufacturing companies in India. Its allied business consists of manufacturing and marketing of ethyl alcohol and ethanol, generation and selling of power. The company has 10 sugar factories located in U.P. having an aggregate crushing capacity of 76,500 tonnes per day.
The board has declared an interim dividend of 250 per cent, i.e., Rs 2.5 per equity share of Rs 1 each for FY17-18.
The stock today opened at Rs 155 and touched an intra-day high of Rs 167.10 on the BSE after the results were declared.
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