Balrampur Chini Mills Limited

1.4%

increase the ethanol prices for juice and B-heavy ethanol. Sugar cane crushing in the quarter was 1.4% lower than in the same period last year. Gross sugar recovery before diversion remained lower by ~4

40 basis point

% lower than in the same period last year. Gross sugar recovery before diversion remained lower by ~40 basis points due to unfavourable weather conditions. It is worth noting that our decline in sugar recovery was

1 million

in sugar recovery was one of the lowest among the factories in the Eastern UP. The export quota of 1 million ton for the current season has bolstered the domestic sugar prices up to a level of Rs.41/kg which

Rs.41

ta of 1 million ton for the current season has bolstered the domestic sugar prices up to a level of Rs.41/kg which is also the average cost of production of sugar in the country. For the 2024-25 ethanol y

₹ 2850 crore

2030. The progress of our 80,000 tons capacity PLA project remains on track with a capital cost of ₹ 2850 crores (gross) or ₹ 1750 crores (net of capital subsidy announced by the U.P. State Government). The Utta

₹ 1750 crore

r 80,000 tons capacity PLA project remains on track with a capital cost of ₹ 2850 crores (gross) or ₹ 1750 crores (net of capital subsidy announced by the U.P. State Government). The Uttar Pradesh government’s pi

rs,

thens the viability of our PLA project by providing an attractive incentive framework. Over the years, our integrated operations have successfully kept pace with industry headwinds and adapted to the evo

20.2%

TCI (Rs. cr) TCI Margin (%) Basic EPS (Rs.) 289.36 311.70 208.71 225.43 10.08 11.35 20.2% 20.7% 14.6% 15.0% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Reven

20.7%

s. cr) TCI Margin (%) Basic EPS (Rs.) 289.36 311.70 208.71 225.43 10.08 11.35 20.2% 20.7% 14.6% 15.0% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue (Rs.

14.6%

TCI Margin (%) Basic EPS (Rs.) 289.36 311.70 208.71 225.43 10.08 11.35 20.2% 20.7% 14.6% 15.0% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue (Rs. Cr.)

15.0%

rgin (%) Basic EPS (Rs.) 289.36 311.70 208.71 225.43 10.08 11.35 20.2% 20.7% 14.6% 15.0% Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue (Rs. Cr.) 5,593.7

13.3%

FY25 Q4 FY24 Q4 FY25 Revenue (Rs. Cr.) 5,593.74 5,415.38 PBT (Rs. cr) 742.21 FY24 FY25 13.3% FY24 PBT Margin (%) TCI (Rs. cr) TCI Margin (%) 562.25 10.4% FY25 542.55 9.7% FY24 438

“It also includes Gain on deemed disposal of Investment in AFPL as per details below: Q4FY25 0.06 Q4FY24 - FY25 56.66 FY24 105.92 Company’s share in AFPL as on 31st March 2025 stands at 30.47% TCI - Total Comprehensive Income 6 Standalone Financial Performance Revenue (Rs.”

“cr) TCI Margin (%) 344.72 365.24 281.46 301.08 202.70 216.35 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 24.0% 24.3% 19.6% 20.0% 14.1% 14.4% Revenue (Rs.”

“Cr.) 5,593.74 5,415.38 FY24 FY25 EBITDA (Rs.”

“cr) TCI Margin (%) 786.17 704.24 14.1% FY24 13.0% FY25 610.19 10.9% FY24 470.40 8.7% FY25 441.34 7.9% FY24 345.87 6.4% FY25 Sugar being a seasonal industry, it is recommended that the performance of the Company be evaluated on annual basis.”

“TCI - Total Comprehensive Income 7 Q4 FY25 Standalone Performance Review Q4 FY24 (Rs.”

“cr) PBIT Margin (%) 233.07 270.96 1,310.89 1,447.32 Total Sugar Sales (lac quintals) Average realization of sugar (Rs./kg) 38.22 40.47 17.8% 18.7% 22.49 19.95 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue (Rs.”

“cr) 419.69 PBIT Margin (%) 467.61 Total Sugar Sales (lac quintals) 94.72 94.22 Average realization of sugar (Rs./kg) 38.00 39.06 FY24 FY25 8.9% FY24 9.5% FY25 FY24 FY25 FY24 FY25 ● 11.3% and 0.5% decrease in sugar sales volume in Q4FY25 & FY25 (compared with Q4FY24 & FY24).”

“● 5.9% and 2.8% increase in sugar realizations in Q4FY25 & FY25 (compared with Q4FY24 & FY24) Stock of Sugar inventory (including WIP) stood at 71.43 lac quintals valued at Rs.”

“cr) PBIT Margin (%) Sales * (Cr BL) 530.05 412.85 97.23 23.6% Q4 FY24 Q4 FY25 Q4 FY24 86.80 16.4% Q4 FY25 Average blended realization (including ENA & Other Products) ** (Rs./BL) 60.21 57.73 6.66 8.52 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Revenue (Rs.”

“2025 0.37 0.08 Q4 FY24 Q4 FY25 FY24 FY25 Q4 FY24 Q4 FY25 FY24 FY25 Ethanol Sales from C-heavy molasses route (Cr BL) ENA & Other Products Sales (Cr BL) Stock of B-heavy molasses (lac quintal) 20.82 9.76 Stock of C-heavy molasses (lac quintal) 12.95 13.84 Stock of Syrup (lac quintal) 0.13 - 1.78 2.76 2.94 31st Mar.”

Note

2

Transfer Price

1

Benefits of higher investment

1

Global Price Outlook

1

For further information contact

1

Note

• Consolidated results of the Company for the quarter/year ended 31st March 2025 includes Share of Profit of Associate of the Company viz. Auxilo Finserve Pvt. Ltd. (AFPL). It also includes Gain on deemed disposal of Investment in AFPL as per details below: Q4FY25 0.06 Q4FY24 - FY25 56.66 FY24 105.92 Company’s share in AFPL as on 31st March 2025 stands at 30.47% TCI - Total Comprehensive Income 6 Standalone Financial Performance Revenue (Rs. Cr.) 1,434.26 1,503.68 EBITDA (Rs. cr) EBITDA Margin (%) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) 344.72 365.24 281.46 301.08 202.70 216.35 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 24.0% 24.3% 19.6% 20.0% 14.1% 14.4% Revenue (Rs. Cr.) 5,593.74 5,415.38 FY24 FY25 EBITDA (Rs. cr) EBITDA Margin (%) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) 786.17 704.24 14.1% FY24 13.0% FY25 610.19 10.9% FY24 470.40 8.7% FY25 441.34 7.9% FY24 345.87 6.4% FY25 Sugar being a seasonal industry, it is recommended that th

Transfer Price

FY23 FY24 FY 25 B-heavy molasses (Rs./quintal) 1,090 w.e.f Dec-22 Syrup (Rs./quintal) 1,709 1,090 1,707 1,150 w.e.f Oct-24 1,614 17 Update on distillery business Ethanol prices under the EBP Programme for ESY 2024-25 are as under: Total Allocation (Cr BL) (till Cycle-3) 996.69 659.20 192.94 131.77 12.78 Syrup route B-heavy route C-heavy route Grains Total The government has also allowed 52 lakh tonnes of FCI rice to be sold at ₹22.50 per kg to ethanol distilleries under the EBP programme. Out of the above allocation of 996.7 crore liters, 369.54 crore liters has been supplied which has resulted in ~18.36% Ethanol blending till 31st March 2025. 18 Sl.No.Ethanol YearC-routeB-routeSyrupDFGSFGMaize1ESY 2023-24: (Nov-23 - Oct-24)56.28 60.73 65.61 64.00 58.50 71.86 2ESY 2024-25: (Nov-24 - Oct-25)57.97 60.73 65.61 64.00 58.50 71.86 Price of Ethanol under various feed-stock (Rs./BL) Co-generation – Performance Power Generated Power Exported (Cr Units) (Cr Units) Average Realization (Rs./Unit)

Note

Quantity variance because of seasonality 19 Polylactic Acid 20 Poly Lactic Acid (PLA) Project – Financial Update Gross Capex ~ Rs. 2850 crores Net capex: ~ Rs. 1750 crores post expected capital subsidy as per U.P. Govt. Scheme Capacity: 80,000 TPA (optimized from 75,000) Revenue: ~ Rs. 2000 crores at full capacity EBITDA Margin: targeting around 35% Project commissioning: Q3FY27 Higher capex to lay the foundation for enduring operational excellence through out the life cycle Funding proposed • ₹ 1650 crores debt • ₹ 1200 crores from internal accruals Reason for higher capex • Modifications in equipment design to optimize opex, enhance efficiency • Driven by higher capacity

Benefits of higher investment

• Lower conversion cost • Improved profitability 21 Poly Lactic Acid (PLA) Project – Current status ❑ Entire land for the Project has been acquired ❑ Contracts for foreign technology partners viz. Sulzer and Alpine has been executed ❑ EPCM contract executed with Jacobs Solutions ❑ Other contracts for Long Lead Items have been executed ❑ Till 30th April 2025 Company has spent ~Rs. 800 crores ❑ Environment Clearance (EC) has been received from MoEF&CC ❑ CTE (consent to establish) has been received ❑ Other consents required for the Project is underway/applied for ❑ Building fermentation and R&D lab at site ❑ PLA import for analysis and product development by compounders and converters has begun ❑ Warehouse and system set-up completed ❑ Construction activities have begun INVESTMENT Gross – Rs. 2850 crs Net of capital subsidy ~Rs. 1750 crs CAPACITY 80,000 t/a 22 Poly Lactic Acid (PLA) Project – Financial Update (contd.) Uttar Pradesh State Government announced Bio Plastic Industrial Policy

Global Price Outlook

⚫ The global Raw Sugar price traded in the range of ~17.13-23.42 c/lb between April 2024-9th May 2025. ⚫ Brazilian currency value to also play an important role on the prices. Weather & Production (24-25): • Brazil - Lower sugarcane availability along with lower sugar yields resulted in lower sugar production. EU & UK – Reduced beet planting, disease outbreaks and lower sucrose content lead to lower sugar production. • Production Outlook (25-26): • Brazil: Higher cane area along with lower mix of ethanol likely to result in higher sugar production to ~42 MMT Thailand: Favourable weather conditions and high cane prices may lead to higher sugar production to ~11.5 MMT. EU & UK: Production is expected to remain stable • • Global Consumption Outlook (25-26): • Consumption is expected to increase by ~1.2%. 28 Domestic Sugar Balance Sheet 23-24 32.00 29.00 Net of sugar sacrifice of ~2.0 MMT 24-25 (Estimated) 28.00 26.00 Net of sugar sacrifice of ~3.5 MMT (Estimated) 25-26 (Projected) 30.00 2

For further information contact

Pramod Patwari Chief Financial Officer Balrampur Chini Mills Limited Tel : +91 33 2287 4749 Email: pramod.patwari@bcml.in Anoop Poojari / Jenny Rose Kunnappally CDR India Tel: +91 98330 90434 / 86899 72124 Email: anoop@cdr-india.com / jenny@cdr-india.com Instagram Icon Transparent Vector Linkedin logo vector, Linkedin symbol, Linkedin icon free vector 18910809 Vector Art at Vecteezy Youtube - Free social media icons A blue letter f Description automatically generated Registered Office: FMC Fortuna, 2nd Floor, 234/3A, A. J. C. Bose Road, Kolkata 700020. 33 Thank You 34