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Balaji Amines Ltd Q2FY24; 70% fall in Profits

Balaji Amines Ltd specialises in manufacturing Methylamines, Ethylamines, Derivatives of specialty chemicals and Pharma Excipients. These have been the main products, it also have facilities for the manufacturing of derivatives, which are down-stream products for various pharma/pesticide industries apart from user specific requirements. It is one of the largest manufacturers of aliphatic amines in India.

Financial Results:

Balaji Amines Ltd reported Revenues for Q2FY24 of ₹381.00 Crores down from ₹628.00 Crore year on year, a fall of 39.33%.

Total Expenses for Q2FY24 of ₹340.00 Crores down from ₹468.00 Crores year on year, a fall of 27.35%.

Consolidated Net Profit of ₹36.00 Crores down 69.75% from ₹119.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹10.71, down 62.51% from ₹28.57 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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