Balrampur Chini Q2 profit falls 20% despite strong revenue growth

Balrampur Chini Mills Ltd. reported a mixed set of earnings for the September quarter. The company's net profit fell 20% year-on-year to ₹54 crore, from ₹67.2 crore in the same quarter last year.

Revenue, however, rose 29% to ₹1,671 crore from ₹1,298 crore.

EBITDA increased to ₹120.3 crore from ₹49.2 crore a year ago, while margins improved to 7.2% from 3.8%.

On the bourses, the stock recovered from intraday lows and was last trading 1.6% lower at ₹454.