BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Balrampur Chini Mills Ltd. reported a weak quarter, lower than our estimates on all fronts.
Sales de-grew by 20.3% YoY to Rs 11.40 billion impacted by lower sugarcane yields and lower off-take of sugar (owing to lower allocations of monthly quota).
Ebitda was down by 38.4% YoY to Rs 1.34 billion on account of lower cane production due to erratic weather conditions and higher other expenses (up by 21.2% YoY to Rs 888 million).
Balrampur Chini's sugar sales were down by 29.7% YoY to Rs 9.43 billion, with an Ebit of Rs 144 million, distillery sales were up by 19.7% YoY to Rs 2.67 billion with an Ebit of Rs 1.18 billion.
Co-generation segment sales de-grew by 51.6% YoY to Rs 29 million, registering a negative Ebit of Rs 78 million.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
