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Balrampur Chini Oct-Dec qtr profit seen down at Rs 18 cr

Balrampur Chini Mills is set to announce its results for the quarter ended December 2010. It was the fifth quarter of the company as it has been changing accounting year from September to March.

February 04, 2011 / 11:20 AM IST
 
 
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Balrampur Chini Mills is set to announce its results for the quarter ended December 2010. It was the fifth quarter of the company as it has been changing accounting year from September to March. According to CNBC-TV18 estimates, it is expected to report net profit of Rs 18 crore as against Rs 76.6 crore on year-on-year basis.


Revenues are seen going up by 17.2% at Rs 515 crore from Rs 439.5 crore. However, operating profit margin is seen declining at 13.8% versus 29.95% (YoY).

Factors to watch
* Expect updates on harvests, crushing and full year production estimates
* Seasonally strong quarter
* Expected to return to profitability after huge losses in Q4
 ((Balrampur had seen a loss of Rs 78 crore in the September quarter and subsequently ended SY10 with a profit of just Rs 28 crore))
* EBITDA seen at about Rs 70 crore versus operating loss of Rs 25.2 crore in Q4
* However margins would be lower on a YoY basis as Q1 last year was one of the best performances
* Q4 realizations were Rs 27.1/kg; Expect a 8-10% improvement to about Rs 30/kg this quarter  
* Total Sales volumes expected at about 1.5 lakh tones