Balaji Amines Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 05:03 pm IST
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Balaji Amines Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,805.45 million compared to INR 6,275.58 million a year ago. Revenue was INR 3,873.15 million compared to INR 6,304.11 million a year ago. Net income was INR 347.13 million compared to INR 925.7 million a year ago. Basic earnings per share from continuing operations was INR 10.71 compared to INR 28.57 a year ago. Diluted earnings per share from continuing operations was INR 10.71 compared to INR 28.57 a year ago.
For the six months, sales was INR 8,442.18 million compared to INR 12,977.3 million a year ago. Revenue was INR 8,566.35 million compared to INR 13,052.7 million a year ago. Net income was INR 874.46 million compared to INR 2,155.38 million a year ago. Basic earnings per share from continuing operations was INR 26.99 compared to INR 66.52 a year ago. Diluted earnings per share from continuing operations was INR 26.99 compared to INR 66.52 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.