Balaji Amines Ltd Share Price – NSE  /  BSE

Chemicals, Small Cap

Balaji Amines announced that the 36th Annual General Meeting (AGM) of the company will be held on 11 July 2024.

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However, revenue from operations fell 12.19% to Rs 413.94 crore in Q4 FY24 as compared with Rs 471.39 crore recorded in the corresponding quarter previous year.

Profit before tax rose 9.34% year on year to Rs 92.91 crore in the quarter ended 31 March 2024.

The company’s revenue from Amines & Specilaity Chemicals business stood at Rs 414.11 crore (down 11.7% YoY) while income from Hotel division was at Rs 8.09 crore (up 12.18% YoY) during the period under review.

On full year basis, the company’s consolidated net profit dropped 37.07% to Rs 204.85 on 30.31% fall in revenue to Rs 1,641.51 crore in FY24 over FY23.

Meanwhile, the company's board has recommended a final dividend of Rs 11 per share for financial year 2023-24, which will be payable after shareholders approval at the 36th annual general meeting.

Balaji Amines is a leading manufacturer of aliphatic amines in India. Broadly, the company is specialized in manufacturing methyl amines, ethyl amines, derivatives of specialty chemicals and natural product and its business is broadly classified into three segments - amines, specialty chemicals and derivatives.

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Net profit of Balaji Amines rose 65.92% to Rs 62.60 crore in the quarter ended March 2024 as against Rs 37.73 crore during the previous quarter ended March 2023. Sales rose 5.81% to Rs 367.17 crore in the quarter ended March 2024 as against Rs 347.01 crore during the previous quarter ended March 2023.

For the full year,net profit declined 24.72% to Rs 171.30 crore in the year ended March 2024 as against Rs 227.54 crore during the previous year ended March 2023. Sales declined 22.50% to Rs 1337.84 crore in the year ended March 2024 as against Rs 1726.28 crore during the previous year ended March 2023.

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Net profit of Balaji Amines rose 43.49% to Rs 68.03 crore in the quarter ended March 2024 as against Rs 47.41 crore during the previous quarter ended March 2023. Sales declined 12.19% to Rs 413.94 crore in the quarter ended March 2024 as against Rs 471.39 crore during the previous quarter ended March 2023.

For the full year,net profit declined 37.07% to Rs 204.85 crore in the year ended March 2024 as against Rs 325.52 crore during the previous year ended March 2023. Sales declined 30.31% to Rs 1641.51 crore in the year ended March 2024 as against Rs 2355.40 crore during the previous year ended March 2023.

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