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Revenue
₹1,604 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Balrampur Chini Mills announced a ₹230 crore cost overrun on its PLA project (total now ₹3,080 crore) due to supply chain disruptions, forex movements, and engineering refinements. The board also approved a ₹160 crore lacto gypsum processing plant to convert PLA byproduct into gypsum boards, with a capacity of 76 lakh boards and expected revenue of ₹150 crore annually. To fund these, a preferential equity issue of ₹450 crore at ₹483/share (promoters contributing 43%) and a debenture raising of ₹200 crore were approved. The PLA plant remains on track for Q3 FY27 commissioning. Risks include execution delays, further cost escalation, and marketing challenges for gypsum boards. Management did not discuss quarterly financials due to a silent period.
Colored figures show movement against the previous available record.
Guidance to track
- The PLA plant remains on track for commissioning in Q3 of FY2026-27, despite cost overruns.
- The lacto gypsum processing plant is expected to start commercial production in 18 months from the call date.
- Management expects a payback period of around 5 years for the gypsum board investment.
Risks flagged
- Management stated that 90% of cost overruns are genuine but 10% is 'blackmail' from suppliers; further increases cannot be ruled out.
- Analysts questioned the sales strategy; management admitted they are still evaluating options and have not finalized a distribution model.
- Management noted that board prices have risen 25% due to the West Asia crisis, implying vulnerability to geopolitical shocks.
Key quotes
- 90% are genuine. 10% is bit of blackmail. One has to succumb to that in order to complete the plant with precision.
- This initiative also has that theme embedded in it.
- We are already tracking the prices as you can see.
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