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300% Dividend Announced: Sugar Stock Posts 439% Jump In Net, Record Date After Diwali
Date: 08 Nov 2023
Source: Good Returns
Reporter: Renu Baliyan
News ID: 57132
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              Mid cap sugar stock Balrampur Chini Mills Ltd shares witnessed a decline of 0.39% today despite the company reporting a jump of 439.64% Year-On-Year (YoY) in its standalone net profit to Rs 106.24 crore for the September 30, 2023 quarter. The company declared a net loss of Rs 31.28 crore in the corresponding quarter of last year. The company also declared an interim dividend of 300% i.e. Rs 3.00 per equity share of Re 1/- each fully paid for the FY 2023-24. The company fixed November 20, 2023 as the record date for interim dividend.

 
 
 
Balrampur Chini shares offered return of 187% in last 3-years and 29.51% in last 1-year. Balrampur Chini reported its standalone revenue from operations at Rs 1539.47 crore, up 38.31% as compared to Rs 1113.09 crore in the corresponding period of last fiscal.
 
 
 
300% Dividend Announced: Sugar Stock Posts 439% Jump In Net, Record Date Soon
Vivek Saraogi, Chairman and Managing Director, Balrampur Chini Mills Limited (BCML), said, "While the industry anticipates a general decline in sugar production in India for the next crushing season, we are preparing for an expected upswing in our own production volumes." EBITDA remained higher by 1051.9% YoY to Rs. 328.1 crores and EBITDA margins improved by 990 bps to 11.2%, added the BSE filing. Check details below:
 
 
Balrampur Chini Declares Interim Dividend: As per the regulatory filing of Balrampur Chini issued on November 7, 2023, "Declared an Interim Dividend of 300% i.e. Rs 3.00 per equity share of Re 1/- each fully paid up for the Financial Year 2023-24 and the same shall be paid to the Equity Shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners as on Monday, 20th November, 2023 which is the Record Date fixed for the said purpose."
 
 
We would like to inform you that the said Interim Dividend will be paid to the Equity Shareholders of the Company on and from Monday, 4th December, 2023, added the BSE filing of the company.
 
Balrampur Chini Stock Performance & Return: The current market price of Balrampur Chini share on BSE is quoted at Rs 430.40 per share with intraday fall of 0.39% at the time of writing the story. The stock's 52-week high price is Rs 461.95 per share and 52-week low price is Rs 320. 70 per share, respectively. Balrampur Chini has a market capitalisation of Rs 8785.96 crore. Balrampur Chini shares gained 7.88% YTD, soared 29% in last 2-years, and offered return of 308% in last 5-years.
 
Balrampur Chini About: Balrampur Chini Mills Limited founded in 1975, is one of the largest sugar manufacturing company in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration, according to its official website.Mid cap sugar stock Balrampur Chini Mills Ltd shares witnessed a decline of 0.39% today despite the company reporting a jump of 439.64% Year-On-Year (YoY) in its standalone net profit to Rs 106.24 crore for the September 30, 2023 quarter. The company declared a net loss of Rs 31.28 crore in the corresponding quarter of last year. The company also declared an interim dividend of 300% i.e. Rs 3.00 per equity share of Re 1/- each fully paid for the FY 2023-24. The company fixed November 20, 2023 as the record date for interim dividend.
 
 
 
Balrampur Chini shares offered return of 187% in last 3-years and 29.51% in last 1-year. Balrampur Chini reported its standalone revenue from operations at Rs 1539.47 crore, up 38.31% as compared to Rs 1113.09 crore in the corresponding period of last fiscal.
 
 
 
300% Dividend Announced: Sugar Stock Posts 439% Jump In Net, Record Date Soon
Vivek Saraogi, Chairman and Managing Director, Balrampur Chini Mills Limited (BCML), said, "While the industry anticipates a general decline in sugar production in India for the next crushing season, we are preparing for an expected upswing in our own production volumes." EBITDA remained higher by 1051.9% YoY to Rs. 328.1 crores and EBITDA margins improved by 990 bps to 11.2%, added the BSE filing. Check details below:
 
 
Balrampur Chini Declares Interim Dividend: As per the regulatory filing of Balrampur Chini issued on November 7, 2023, "Declared an Interim Dividend of 300% i.e. Rs 3.00 per equity share of Re 1/- each fully paid up for the Financial Year 2023-24 and the same shall be paid to the Equity Shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners as on Monday, 20th November, 2023 which is the Record Date fixed for the said purpose."
 
 
We would like to inform you that the said Interim Dividend will be paid to the Equity Shareholders of the Company on and from Monday, 4th December, 2023, added the BSE filing of the company.
 
Balrampur Chini Stock Performance & Return: The current market price of Balrampur Chini share on BSE is quoted at Rs 430.40 per share with intraday fall of 0.39% at the time of writing the story. The stock's 52-week high price is Rs 461.95 per share and 52-week low price is Rs 320. 70 per share, respectively. Balrampur Chini has a market capitalisation of Rs 8785.96 crore. Balrampur Chini shares gained 7.88% YTD, soared 29% in last 2-years, and offered return of 308% in last 5-years.
 
Balrampur Chini About: Balrampur Chini Mills Limited founded in 1975, is one of the largest sugar manufacturing company in India. It is one of the first sugar companies in the country to diversify its business from sugar to distillery and cogeneration, according to its official website.
 
  

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