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Last Updated : Aug 07, 2012 12:00 PM IST | Source: CNBC-TV18

Balrampur Chini likely to post profit at Rs 18 cr in Q1

Uttar Pradesh-based sugar company Balrampur Chini is set to announce its results for the quarter ended June 2012. Analysts on an average expect the company to post a profit of Rs 18 crore during the quarter as against loss of Rs 19.9 crore in a year ago period, but the profit is likely to fall by 86% quarter-on-quarter.

 
 
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Uttar Pradesh-based sugar company Balrampur Chini is set to announce its results for the quarter ended June 2012. Analysts on an average expect the company to post a profit of Rs 18 crore during the quarter as against loss of Rs 19.9 crore in a year ago period, but the profit is likely to fall by 86% quarter-on-quarter.


Sales are seen going up by 10.2% year-on-year to Rs 630 crore and earnings before interest, tax, depreciation and amortisation (EBITDA) are expected to rise by 92% YoY to Rs 85 crore during the same quarter, but quarter-on-quarter sales are likely to increase marginally and EBITDA to fall 56%.


Operating profit margin is expected to increase sharply to 13.5% in the first quarter of FY13 as against 7.7% in a year ago period.


Expectations


Analysts feel the first quarter will be decent on mildly higher realizations and better sales volumes. Sugar sales are expected at 1,75,000-1,80,000 tonnes as against 1,60,000 tonnes year-on-year.


Average sugar realizations are expected at around Rs 30.5 per kg as against 27.2 per kg in the corresponding quarter of last fiscal and Rs 29 per kg in the previous quarter.


Performance of allied business’ will be key to better profitability


Distillery business' sales are expected at 1.8 crore litres and its realization is seen rising to Rs 27 per litre as against Rs 23.8 per litre YoY.

Sales of cogeneration of power are likely to be at 15 crore units as against 14.7 crore units YoY (at Rs 4 per unit).

First Published on Aug 7, 2012 09:59 am
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