Balaji Amines Falls By 6% After Q1 FY25 Net Profit Declines

Balaji Amines Ltd. (BAL) was established on October 27, 1988. BAL has positioned itself as a reliable supplier of high-quality amines such as ethyl and methyl, serving various industries including pharmaceuticals, agrochemicals, and personal care products. With advanced manufacturing facilities and a strong emphasis on research and development, BAL is dedicated to providing innovative solutions to its clients. The company’s commitment to excellence and customer satisfaction has established its reputation as a trusted partner in the chemical sector. As BAL continues to expand its product range, it remains focused on upholding its leadership in amine production.

Balaji Amines Q1 FY25  result

Balaji Amines’ net profit dropped from Rs 52.73 crore in the previous quarter that ended in June 2023 to Rs 43.29 crore in the quarter that ended in June 2024, a 17.90% decrease. The quarter ended June 2024 saw a 17.02% decline in sales from the previous quarter’s Rs 463.67 crore to Rs 384.75 crore. 

Balaji Amines Ltd. (BAL) disappointed the market by reporting a 32.7% annual decline in net profit for the first quarter of this fiscal year. According to its stock exchange notification, the chemical manufacturing company reported a profit for the quarter that ended in June of Rs 45.6 crore, down from Rs 67.7 crore in the same quarter of the previous fiscal year.  To Rs 385 crore, the company’s revenue decreased by 17% on an annual basis. 

Operating income, or earnings before interest, taxes, depreciation, and amortization, decreased to Rs 66 crore on an annual basis, a 32.6% decrease from the previous fiscal quarter’s corresponding quarter. Meanwhile, the EBITDA margin shrank to 17.2% from 21.1%.

Balaji Amines stock update

Balaji Amines stock is currently declining by 6% in the intraday segment today, which is at Rs. 2,255.00 per share right now. The company’s Q1 FY25 results were subpar, which is the only reason for the decline.

Conclusion: The stock price is declining today for Balaji Amines due to poor Q1 FY25 results. Revenue is down by 17% for the company. Hopefully, in the upcoming quarter, we will see an improvement.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.