Balrampur Chini Mills anticipates lower ethanol production in the next quarter
Kolkata-based sugar producer Balrampur Chini Mills (BCML) is expecting lower ethanol production after the government temporarily changed the ethanol procurement target for 2023-24.
Pramod Patwari, CFO of Balrampur Chini Mills, told CNBC-TV18, said the sugar production will remain on track, and the company expects overall revenue growth of 10-11% for the financial year 2024 (FY24).
In the third quarter (Q3FY24), the company reported a 97% jump in net profit to ₹91.32 crore against ₹46.28 crore in the year-ago period. The company said that improved margins aided the growth. Revenue was at ₹1,230.39 crore, a 25% increase from ₹981.16 crore last year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 42% to ₹113.39 crore, as compared to ₹79.67 crore in the same quarter last year…..
For More Details Visit: https://www.cnbctv18.com/earnings/balrampur-chini-mills-q3fy24-ethanol-production-sugar-prices-balrampur-share-price-19013761.htm
