Earnings | Balaji Amines Ltd (NSE: BALAMINE): Q4FY23 Results Out; Total Income fell 39% YoY.

Balaji Amines Ltd is a leading Indian company that specializes in the manufacturing of Methylamines, Ethylamines, and derivatives of specialty chemicals and pharma excipients. These products form the core of their business, and they also have facilities for producing downstream derivatives for the pharmaceutical and pesticide industries, as well as catering to specific customer requirements. With a strong focus on aliphatic amines, Balaji Amines Ltd has become one of the largest manufacturers of these chemicals in India. The company’s commitment to quality and meeting the diverse needs of its customers has established its reputation in the market.
• Balaji Amines Ltd reported Total Income for Q4 FY23 of ₹477 Crore down from ₹785 Crore year on year, a negative growth of 39%.
• Total Expenses for Q4 FY23 of ₹392 Crore down from ₹602 Crore year on year, a negative growth of 35%.
• Consolidated Net Profit of ₹55 Crore, down 58% from ₹131 Crore in the same quarter of the previous year.
• The Earnings per Share is ₹14.63, down 56% from ₹33.56 in the same quarter of the previous year.