Balrampur Chini Mills Limited — Important, 07-02-2025: Updates

Balrampur Chini Mills Limited's Board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Total income reached ₹1198.92 crore, with revenue from operations at ₹1192.15 crore. The company reported a profit before tax of ₹89.02 crore and a profit after tax of ₹70.47 crore for the quarter. The Board also optimized the capacity for its Poly Lactic Acid (PLA) project, increasing it from 75,000 TPA to 80,000 TPA. The capital expenditure has risen to ₹2,850 crore (gross), with a net capex of ₹1,750 crore post-subsidy. Funding will be sourced through a mix of ₹1,650 crore in debt and ₹1,200 crore from internal accruals. Furthermore, a new Restricted Stock Unit scheme is subject to member approval, while the Risk Management Committee has been reconstituted. Investors should watch closely for the project's implications on future revenues and the financial health of the company.