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BCL Industries reported Q1 FY27 consolidated revenue of 623 Cr, down YoY, mainly due to edible oil business exit. EBITDA rose 17% to 66 Cr, with margins at 10.5%. PAT was 36 Cr. Distillery margins improved to 12.41%, and country liquor volumes jumped 46% YoY. A temporary ethanol plant shutdown due to fire is insurance-covered; a new 150 KLPD unit mitigates the impact. Debt reduced significantly to 360 Cr. The company is evaluating new ethanol avenues and holding large capex, awaiting policy clarity amidst market shifts. Management maintains an optimistic outlook for the long-term biofuel industry.