Balaji Amines posts Q3 FY24 revenue at Rs. 392 Cr; Net Profit at Rs. 56 Cr
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Balaji Amines posts Q3 FY24 revenue at Rs. 392 Cr; Net Profit at Rs. 56 Cr

For Q3 FY24, Amines volumes stood at 7,703 MT; Amines Derivatives volumes stood at 9,280 MT; and Specialty Chemicals volumes stood at 9,920 MT

  • By ICN Bureau | February 01, 2024

Balaji Amines Limited, a leading manufacturer of Aliphatic Amines & Speciality Chemicals in India, specialised in manufacturing of Methyl Amines, Ethyl Amines, Derivatives of Amines, and other Specialty Chemicals, announced revenue from operations for Q3 FY24 stood at Rs. 392 crore, as compared to Rs. 387 crore in Q2 FY24.

Total volumes stood at 26,903 MT for Q3 FY24 as against 27,613 MT in Q2 FY24. For Q3 FY24, Amines volumes stood at 7,703 MT; Amines Derivatives volumes stood at 9,280 MT; and Specialty Chemicals volumes stood at 9,920 MT.

EBITDA for Q3 FY24 was Rs. 83 crore as compared to Rs. 61 crore in Q2FY24. EBITDA margin for Q3 FY24 stood at 21% as against 16% in Q2 FY24.

PAT for Q3 FY24 was Rs. 56 crore as compared to Rs. 36 crore in Q2FY24. Diluted EPS for Q3 FY24 stood at Rs. 15.24 per equity share as against Rs. 10.71 in Q2 FY24.

On the performance, D. Ram Reddy, Managing Director said, “In Q3 & 9M FY24, our financial and business highlights indicate a positive trajectory, with improving EBITDA and PAT driven by stabilized input costs and a settling industry scenario. The rebound in domestic demand, coupled with encouraging international market trends, is contributing to this momentum and enhancing our margins."


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