Earnings | Balrampur Chini Mills Ltd. (NSE:BALRAMCHIN): Q3FY23 Results Out; Total Income fell 18% YoY

Balrampur Chini Mills Ltd. (NSE:BALRAMCHIN) is an Indian sugar manufacturing company that was founded in 1975. It is one of the largest integrated sugar manufacturing companies in India, with 10 sugar factories, two distilleries, and a power plant. The company produces sugar, molasses, ethanol, and power, and also has operations in agri-business, including farming, procurement, and supply chain management.

Balrampur Chini Mills Ltd. reported a total income of Rs. 1001.4 crore for the quarter ended December 31, 2022, compared to Rs. 1124.8 crore for the quarter ended September 30, 2022. The company posted a net profit of Rs. 46.3 crores in Q3FY23, as compared to a net loss of Rs. -28.9 crores in Q2FY23. The company’s EPS for the quarter ended December 31, 2022, was reported at Rs. 2.27 as compared to Rs. -1.42 in the previous quarter. In comparison to the same period last year, the company’s total income for Q3FY23 has declined by 18.94%. The company’s net profit for Q3FY23 has decreased by 27.86% YoY. The EPS of Balrampur Chini Mills Ltd. for Q3FY23 stood at Rs. 2.27 compared to Rs. 3.14 in Q3FY22.

For the nine months ended December 31, 2022, the company reported a total income of Rs. 3220.8 crore, a decrease of 10.18% from the same period last year. The company’s net profit for the nine months ended December 31, 2022, was reported at Rs. 29.7 crore, a significant decline from the net profit of Rs. 224.1 crore reported in the same period last year. The company’s EPS for the nine months ended December 31, 2022, was reported at Rs. 1.46 compared to Rs. 10.78 in the same period last year.