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Revenue
₹582 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹251 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
BCL Industries reported FY26 revenue of ₹2,913 crore with EBITDA of ₹251 crore, up 18% YoY, and PAT of ₹126 crore, up 23% YoY. EBITDA margin improved 130 bps to 8.6%, driven by cost efficiencies and operational flexibility. The distillery segment saw ENA/SDS volumes surge 74% YoY to 53,000 KL, compensating for lower ethanol allocations. A key milestone was the completion of a 150 KPD grain distillery at Barnala, raising total capacity to 900 KPD. Management expects 75% utilization of the new unit from Q2 FY27, contributing ~₹300 crore revenue. The company exited packaged edible oil but continues bulk refining and trading. Risks include volatility in agro-commodity prices and policy uncertainty around ethanol blending mandates and biodiesel pricing.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects the new Barnala distillery to generate around ₹300 crore in revenue when operated at 100% capacity.
- The 150 KPD plant is expected to reach 75% utilization starting from the second quarter of FY27.
- Planned additional 250 KPD distillery at Patabad, Haryana, expected to be commissioned in about two years, subject to policy environment.
- A 20 TPD compressed biogas plant is planned at Patabad, expected to be operational within three years, after the distillery expansion.
Risks flagged
- Lower ethanol allocations from OMCs forced diversion to ENA/SDS, which have lower and more volatile margins.
- Raw material price fluctuations (e.g., grains) cannot be fully passed through in ethanol contracts, squeezing margins.
- Biodiesel plant remains idle due to lack of pricing policy or mandate from OMCs, despite rising crude prices.
- Planned sale of 80-acre land parcel for ~₹30 crore may face delays or lower realization, impacting cash flow.
Key quotes
- With this commissioning on that that will help us that there will be no drop in the production and we'll able to meet the market demand also.
- We have shielded our company to have this constant EBITDA margins as mentioned in the opening speech of putting up a rice straw boiler where we are shielded from this high fuel cost.
- We want to position ourselves when the opportunity come we can again scale up on business.
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