BCL Industries Reports 50% Profit Surge and 55% Revenue Growth in Q2 FY25 Amid Strategic Expansion Plans

BCL Industries has released strong financial results for the quarter ending September 30, 2024, reflecting significant growth in both profits and revenues:

1. Financial Performance:
   • Consolidated Net Profit: Increased by 50% year-on-year to ₹30 crore, up from ₹20 crore in the same quarter last year.
   • Revenue from Operations: Rose by 55% to ₹746 crore, compared to ₹481 crore in Q2 FY24.
   • EBITDA: Reached ₹57 crore, marking a 16% increase from ₹49 crore in the previous year. However, the EBITDA margin declined by 200 basis points to 8%.
2. Standalone Results:
   • Net Profit: Increased by 64% to ₹21.01 crore, recovering from a loss of ₹12.83 crore in Q2 FY24.
   • Total Income: Rose by 44% to ₹533.84 crore, up from ₹368.62 crore in the same quarter last year.
3. Ethanol Production:
   • The company participated in a tender for the Ethanol Supply Year (ESY) 2024-25, securing an allocation of 18.25 crore liters of ethanol. This allocation represents a 17% increase from the prior allocation of 16.94 crore liters, facilitated by a 100 KLPD capacity expansion at its subsidiary, Svaksha Distillery Limited.
4. Acquisition Strategy:
   • BCL Industries is in the process of acquiring Goyal Distillery Private Ltd., located in Fatehabad, Haryana. This acquisition will enable the establishment of a new 250 KLPD grain-based ethanol production facility, significantly enhancing BCL’s production capabilities.
   • With the addition of 150 KLPD at its Bathinda plant and the new facility, BCL’s total distillery capacity is set to rise from 700 KLPD to 1,100 KLPD, reinforcing its position as a leader in India’s grain-based ethanol sector.
5. Stock Market Reaction:
   • Following the announcement of its robust financial results, BCL Industries’ shares increased by 2.09%, closing at ₹56.67 per share.

Overall, these results highlight BCL Industries’ strategic focus on expanding its footprint in the ethanol market through substantial capacity enhancements and strategic acquisitions, positioning the company for future growth.

Disclaimer: This report is for informational purposes only and should not be considered financial advice. The information presented here is based on publicly available data and may not be complete or up-to-date. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.