Balaji Amines announced that the 34th Annual General Meeting (AGM) of the company will be held on 29 June 2022.

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Balaji Amines announced that the Board of Directors of the Company at its meeting held on 11 May 2022, has recommended a Final dividend of Rs.6 per share (i.e.300%), subject to the approval of the shareholders.

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Net profit of Balaji Amines rose 28.66% to Rs 108.72 crore in the quarter ended March 2022 as against Rs 84.50 crore during the previous quarter ended March 2021. Sales rose 88.16% to Rs 779.04 crore in the quarter ended March 2022 as against Rs 414.03 crore during the previous quarter ended March 2021.

For the full year,net profit rose 54.67% to Rs 368.42 crore in the year ended March 2022 as against Rs 238.19 crore during the previous year ended March 2021. Sales rose 76.93% to Rs 2320.35 crore in the year ended March 2022 as against Rs 1311.46 crore during the previous year ended March 2021.

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On the segmental front, revenue from Amines & Speciality Chemicals was Rs 802.90 crore (up 84% YoY) while that from Hotel Division was Rs 5.38 crore (up 51% YoY) in Q4 FY22.

Total expenses during the quarter doubled to Rs 597.92 crore.

Profit before tax in Q4 FY22 stood at Rs 183.23 crore, up by 52% from Rs 120.27 crore in Q4 FY21.

The company recorded 55% increase in consolidated net profit to Rs 368.41 crore on a 88% rise in revenue from operations to Rs 2,320.35 crore in FY22 over FY21.

Balaji Amines is a leading manufacturer of aliphatic amines & speciality chemicals in India, specialized in manufacturing of methyl amines, ethyl amines, derivatives of amines and other specialty chemicals.

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