Balrampur Chini Mills Q2 Results Live : Balrampur Chini Mills declared their Q2 results on 11 Nov, 2024, revealing a significant decline in both revenue and profit. The company’s topline decreased by 15.69% year-on-year, while profit plummeted by 59.59% compared to the same quarter last year.
In comparison to the previous quarter, Balrampur Chini Mills experienced an 8.7% decline in revenue and a 4.24% decrease in profit. This reflects ongoing challenges for the company amid a fluctuating market environment.
The company’s selling, general, and administrative expenses rose by 1.77% quarter-on-quarter and increased by 0.67% year-on-year, contributing to the strain on profitability. Furthermore, operating income took a hit, down by 95.23% quarter-on-quarter and 95.24% year-on-year.
Earnings per share (EPS) for Q2 stood at ₹3.31, marking a substantial decrease of 59.83% year-on-year, further illustrating the tough financial landscape the company is navigating.
In terms of stock performance, Balrampur Chini Mills has delivered a -7.11% return over the past week, although it has seen a robust 49.75% return over the last six months and a notable 38.13% year-to-date return.
Currently, Balrampur Chini Mills boasts a market cap of ₹11,446.85 crore, with a 52-week high of ₹691.8 and a low of ₹343.5. This performance has attracted attention from analysts, with 4 out of 7 covering the company issuing a Buy rating and 3 analysts recommending a Strong Buy.
As of 13 Nov, 2024, the consensus recommendation for Balrampur Chini Mills stands at Strong Buy, indicating a positive outlook from market experts despite the recent financial downturn.
In a move to reward shareholders, the company has also declared an interim dividend of ₹3.0, with the record date set for 25 Nov, 2024, and the ex-dividend date also on 25 Nov, 2024.
Balrampur Chini Mills Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1297.95 | 1421.6 | -8.7% | 1539.47 | -15.69% |
| Selling/ General/ Admin Expenses Total | 93.53 | 91.9 | +1.77% | 92.9 | +0.67% |
| Depreciation/ Amortization | 43.19 | 42.6 | +1.4% | 41.24 | +4.74% |
| Total Operating Expense | 1292.06 | 1298.06 | -0.46% | 1415.83 | -8.74% |
| Operating Income | 5.89 | 123.54 | -95.23% | 123.65 | -95.24% |
| Net Income Before Taxes | 59.15 | 102.38 | -42.22% | 222.88 | -73.46% |
| Net Income | 67.18 | 70.15 | -4.24% | 166.25 | -59.59% |
| Diluted Normalized EPS | 3.31 | 3.47 | -4.61% | 8.24 | -59.83% |
