BCL Industries Ltd (NSE:BCLIND)

Q3 2026 BCL Industries Ltd Earnings Call Transcript

Feb 11, 2026 / 10:30 AM GMT

Release Date Price: ₹31.81 (+3.15%)

Transcript

Key Points

Positve

BCL Industries Ltd (BOM:524332) achieved a significant milestone in India's ethanol blending program, reaching a 19.98% blending level, close to the E20 target.
The company announced the acquisition of the remaining 25% stake in Swaksha Distillery Limited, expected to be completed by June 2026, which will strengthen its leadership in the grain-based distillery segment.
BCL Industries Ltd (BOM:524332) reported a robust volume growth in its distillery segment, with ENA volumes increasing by 60% year on year.
The company is on track to meet 100% of its steam and power requirements through paddy straw, which will provide further cost savings.
BCL Industries Ltd (BOM:524332) delivered a strong financial performance with total revenue of 758 crores and EBITDA increasing by 41% year on year.

Negative

The ethanol demand has remained subdued due to industry-wide oversupply and lower-than-anticipated OMC allocations.
There is uncertainty regarding future ethanol policy, which affects volume visibility and capacity utilization.
The ENA market has become extremely competitive, leading to lower margins compared to ethanol.
BCL Industries Ltd (BOM:524332) faces challenges in the biodiesel sector due to non-viable prices offered by OMCs.
The company has fully exited its packaged oil business operations, which may impact its revenue streams.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BCLN.NS - BCL Industries Ltd
Q3 2026 BCL Industries Ltd Earnings Call
Feb 11, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to the BCL Industries earnings call for Q3 and 9 month FY26 hosted by Incred Equities.

As a reminder, all participant lines will be in the lesson mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call.

These statements are not the guarantee of future

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