Balrampur Chini likely to post loss at Rs 20 cr in Q2

24046 Investors following Balrampur Chini. Share this News with them.

0

Like this story, share it with millions of investors on M3

Balrampur Chini likely to post loss at Rs 20 cr in Q2

Balrampur Chini is expected to report a loss of Rs 20 crore in the second quarter of FY12 as against loss of Rs 78.3 crore in the corresponding quarter of last fiscal.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about Balrampur Chini See interviews with Balrampur Chini Management See what other Experts & Brokerages are saying about Balrampur Chini See previous Results of Balrampur Chini

Balrampur Chini is expected to report a loss of Rs 20 crore in the second quarter of FY12 as against loss of Rs 78.3 crore in the corresponding quarter of last fiscal.

Sales are seen going up 1.5% to Rs 515 crore from Rs 508.3 crore during the same period.

EBITDA is likely to be at Rs 33 crore in the July-September quarter of FY12 versus operating loss of Rs 25.2 crore in a year ago period.

Sugar sales are expected be around 1.6 lakh tonnes in the quarter ended September 2011.

Average realization is likely to go up about Rs 1.5/kg on quarter-on-quarter basis due to festive season demand.

Expectations

* Yet another quarter of losses

* Q1 was a loss of Rs 19.7 crore - with sugar reporting a loss of Rs 17.3 crore

* Domestic sugar realizations remain depressed, although there is marginal sequential uptick

* Realizations from allied biz's (Co-generation - Distillery) expected to be better; but revenues contribution will be lower due to off season

* Interest costs likely to be a drag (were up 25% in Q1 as well at around Rs 40 crore)

Key to watch is commentary on cane

* Management commentary on cane costs being keenly awaited

* UP hiked SAP last week to Rs 235 - 250/quintal from Rs 205/quintal in the last season (UP elections '2012)

* Cane crushing has been already been delayed on account of cane pricing issues