Balrampur Chini posts net profit of Rs99.8cr in Q2FY20; stock ends flat

The board has declared an Interim Dividend of 250% i.e. Rs2.50/ equity share of Re1 each of the company for the FY19-20.

Nov 11, 2019 10:11 IST India Infoline News Service

Balrampur Chini Mills
Balrampur Chini posted a consolidated net profit of Rs99.8cr, which was up by 7.9% yoy in Q2FY20 as against Rs92.5cr in Q2FY19.

The consolidated revenue fell 15.6% yoy at Rs857cr as against Rs1,015cr. The consolidated EBITDA went up 9.5% at Rs154.6cr as against Rs141.1cr and margin stood at 18% in Q2FY20 vs. 13.9% in Q2FY19.

The board has declared an Interim Dividend of 250% i.e. Rs2.50/ equity share of Re1 each of the company for the FY19-20.

Further, the board has also considered and approved the Voluntary Delisting of the equity shares of the company from the Calcutta Stock Exchange Limited. The equity shares of the company will continue to remain listed on BSE Limited and the National Stock Exchange of India Limited.

Balrampur Chini Mills Ltd ended at Rs149.80, up by Rs0.4 or 0.27% from its previous closing of Rs149.40 on the BSE.

The scrip opened at Rs148.90 and touched a high and low of Rs152.60 and Rs148.50 respectively.

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