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ICICI Direct Report
Balrampur Chini Mills Ltd. reported healthy set of numbers. Consolidated revenue grew 13.1% to Rs 1212.2 crore led by 11.5% growth in sugar segment (co-generation segment merged with sugar segment) and strong growth of 27.7% in distillery segment.
Sugar volumes remained flat YoY at 2.7 lakh tonnes (includes 15,000 tonnes of exports) but sugar realisation inched up by 11.9% to Rs 36.3/kilo gram.
Balrampur Chini received lower domestic sales quota during the quarter. With the significant inventory reduction in the country in last three years, sugar prices have started moving up from August 2021.
Power sales volumes were 9.4 crore (down by 18% due to late start of crushing season) units with average realisation of 3.29 / unit.
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