Balaji Amines Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 05:39 pm IST
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Balaji Amines Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 5,859.48 million compared to INR 5,648.95 million a year ago. Revenue was INR 5,884.72 million compared to INR 5,686.99 million a year ago. Net income was INR 625.72 million compared to INR 895.6 million a year ago. Basic earnings per share from continuing operations was INR 19.31 compared to INR 27.64 a year ago. Diluted earnings per share from continuing operations was INR 19.31 compared to INR 27.64 a year ago.
For the nine months, sales was INR 18,840.01 million compared to INR 15,425.18 million a year ago. Revenue was INR 18,937.42 million compared to INR 15,521.89 million a year ago. Net income was INR 2,781.1 million compared to INR 2,596.96 million a year ago. Basic earnings per share from continuing operations was INR 85.83 compared to INR 80.15 a year ago. Diluted earnings per share from continuing operations was INR 85.83 compared to INR 80.15 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.