Alkyl Amines Chemicals announced that the Board of Directors of the Company at its meeting held on 27 May 2021, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

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Revenue from operations increased 62.8% year-on-year (YoY) to Rs 382.13 crore during the quarter.

Profit before tax in Q4 FY21 stood at Rs 126.12 crore, up by 106.4% from Rs 61.10 crore in Q4 FY20.

The company recorded 37.2% rise in net profit to Rs 295.34 crore on a 25.1% increase in revenue from operations to Rs 1242.43 crore in the year ended 31 March 2021 over the year ended 31 March 2020.

The board has recommended a final dividend of Rs 6 per equity share for the financial year 2020-2021.

Alkyl Amines Chemicals is a global supplier of amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical & water treatment industries, among others.

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Net profit of Alkyl Amines Chemicals rose 88.17% to Rs 92.60 crore in the quarter ended March 2021 as against Rs 49.21 crore during the previous quarter ended March 2020. Sales rose 62.77% to Rs 382.13 crore in the quarter ended March 2021 as against Rs 234.77 crore during the previous quarter ended March 2020.

For the full year,net profit rose 37.19% to Rs 295.34 crore in the year ended March 2021 as against Rs 215.28 crore during the previous year ended March 2020. Sales rose 25.13% to Rs 1242.44 crore in the year ended March 2021 as against Rs 992.88 crore during the previous year ended March 2020.

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Alkyl Amines Chemicals will hold a meeting of the Board of Directors of the Company on 27 May 2021..

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