Balaji Amines Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 20, 2023 at 02:34 pm IST
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Balaji Amines Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 4,713.95 million compared to INR 7,803.66 million a year ago. Revenue was INR 4,769 million compared to INR 7,854.13 million a year ago. Net income was INR 474.1 million compared to INR 1,087.23 million a year ago. Basic earnings per share from continuing operations was INR 14.63 compared to INR 33.56 a year ago. Diluted earnings per share from continuing operations was INR 14.63 compared to INR 33.56 a year ago.
For the full year, sales was INR 23,553.96 million compared to INR 23,228.84 million a year ago. Revenue was INR 23,706.42 million compared to INR 23,376.02 million a year ago. Net income was INR 3,255.2 million compared to INR 3,684.19 million a year ago. Basic earnings per share from continuing operations was INR 100.47 compared to INR 113.71 a year ago. Diluted earnings per share from continuing operations was INR 100.47 compared to INR 113.71 a year ago.
Balaji Amines Limited is an India-based company, which is engaged in the business of manufacturing of specialty chemicals, aliphatic amines and derivatives. The Companyâs segments include Amines & Specialty Chemicals and Hotel Division. It also owns a five-star Hotel in Solapur, Maharashtra. Its products include amines, derivatives, specialty chemicals and pharma excipients. Its amine products include MONOMETHYLAMINE (MMA), DIMETHYLAMINE (DMA), TRIMETHYLAMINE and others. Its specialty chemical products include N-Methyl Pyrrolidone (NMP), Morpholine, 2-PYRROLIDONE (2-P), N-ETHYL-2-PYRROLIDONE, GAMMA-BUTYROLACTONE, ACETONITRILE (ACN) and others. Its derivatives products include Di-Methyl Acetamide (DMAC); Di-Methyl Amine Hydrochloride (DMA HCL); Tri-Methyl Amine Hydrochloride (TMA HCL); Di-Ethyl Amine Hydrochloride (DEA HCL), and others. Its pharma excipients products include POLY VINYL PYRROLIDONE(PVP-30) IP/BP/JP GRADE and POLY VINYL PYRROLIDONE(PVP-30)-TECHNICAL GRADE.