BCL Industries Declares Q3 Results, Share Price Jumps Over 210% In 5 Yrs; Check Details Here

One of the major manufacturers of agro-processing products in India, BCL Industries Limited, released its financial results for the quarter that ended in December 2024. BCL Industries' net profit fell 37.30% to Rs 19.20 crore in the December 2024 quarter from Rs 30.62 crore in the December 2023 quarter. Compared to Q3FY24, when sales were Rs 622.19 crore, sales in Q3FY25 climbed 18.20% to Rs 735.43 crore. Recently, M/s. Svaksha Distillery Limited, a BCL Industries subsidiary, was granted permission to build an oil extraction facility and a 75 KLPD bio-diesel plant at its Kharagpur site, with an estimated project cost of Rs 150 Cr.

The company also recently announced that it has been granted environmental clearance (EC) to build a second 150 KLPD ethanol production facility at its Bathinda distillery. Construction will start in the coming months. Additionally, the Bathinda distillery's 75 KLPD Bio-Diesel facility is now under construction, BCL Industries confirmed.

Rajasthan State Ganganagar Sugar Mills submitted a letter of approval to BCL Industries last month for the supply of 60 lakh litres of extra-neutral alcohol (ENA). The company expects its 700 KLPD distillery to run at full capacity and make around Rs1,750 crores in revenue in FY 24-25. The firm intends to commission a 75 KLPD biodiesel factory within a year and phase down its edible oil operations in FY 24-25.

For the quarter that concluded in September 2024, the firm declared a consolidated net profit of Rs 30 Cr, which was 50% more than the Rs 20 Cr for the same time the previous year. In Q2FY25, its operational income increased by 55%, from Rs 481 Cr in Q2FY24 to Rs 746 Cr. While the company's EBITDA increased 16% year over year to Rs 57 Cr in Q2FY25 from Rs 49 Cr in Q2FY24, its EBITDA margin dropped 200 basis points to 8% from 10% in Q2FY24.

BCL Industries, one of the largest manufacturers of agro-processing goods in India, has a wealth of knowledge on grain procurement. It is a major player in the ENA and IMIL markets and is among the leading producers of grain-based ethanol. The company provided ENA to prominent bottlers such as Pernod Ricard, Amrut, ABD, Mohan Meakin, and BCL in H1FY25 and sold 8,52,341 boxes of PML.

With an average operating cash flow of more than 50 cr for FY2022-2024, BCL is in a strong position to pay down its current and upcoming debt. In India, BCL Industries Limited (BCL) is a sizable, fully integrated agro-processing business that works in the distillery, edible oil, and real estate industries. BCL Industries Limited, one of the largest agro-processing manufacturing firms in India, was established in 1976 and is a member of the Mittal Group.