For the financial year 2020-21, the Company has had one of its best performance in the Company’s history reaching its highest ever revenues and profitability. The Total income for FY21 was Rs1,436.1cr (Rs925.5cr, FY20), while its Profit after Tax stood at Rs42.2cr (Rs25.8cr, FY20).
As the stakeholders are aware that although the Company had a profitable financial year 2019-20, but due to the uncertainty and upheaval caused by Covid-19 pandemic and the company’s upcoming expansion plans, the Board decided not to recommend any dividend for the financial year 2019-20, said by company.
But for this Financial Year 2020-21, the Company informed that to compensate for the absence of dividend in the previous financial year, the Board has recommended a dividend of Rs. 5/- per share in respect of financial year 2020-21, for only public category shareholders, while the promoters of the Company have decided to waive off their right to dividend, so that the Company can retain and utilise the same for ongoing expansions.
BCL IndustriesLtd continues to be one of the largest suppliers of Grain Based Ethanol in the nation with a tender to supply 4.5 crore liters of ethanol in the sugar year 2020-21.
BCL Industries Ltd has had a phenomenal quarter in the edible oil segment with a significant increase in the revenues year on year. This is due to the increase in the demand for the company’s homogenous brands and the increase in the global edible oil prices.The company hopes to use this momentum toincrease its market share and sales in the coming quarters as well.The revenue from the edible oil segment for the quarter was Rs322.39cr.
On Wednesday, BCL Industries ended at Rs190 apiece up by Rs6.65 or 3.63% on Sensex.