BALAJI AMINES LTD.-$ - 530999 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of a copy of newspaper advertisement of the Un-audited Financial Results of the Company for the quarter and nine months ended 31st December, 2022, published in Business Standard (English) and Lokmat (Marathi) newspapers. BALAJI AMINES LTD.-$ - 530999 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation on Q3FY23 Financial Results
Balaji Amines slips 6%, hits 52-week low on disappointing Q3 results
The company said the fall in operating margin was primarily on account of de-growth in pharma and API sector
Balaji Amines declines on weak operational show, but management stays bullish
The fall in operating margin was primarily on account of degrowth in pharma and active pharmaceutical ingredients sector Q3FY23 Quarterly Result Announced for Balaji Amines Ltd.
Specialty chemical firm Balaji Amines announced Q3FY23 results: Consolidated Q3FY23 vs Q3FY22: Revenue from operations for Q3FY23 stood at Rs 588.47 crore, up by 3.48%, as compared to Rs 568.70 crore in Q3FY22. Total volumes stood at 28,147 MT for Q3FY23 as against 27,589 MT in Q3FY22. EBITDA for Q3FY23 was Rs 130.30 crore, as compared to Rs 158.98 crore in Q3FY22. EBITDA margin for Q3FY23 stood at 22.14% as against 27.96% in Q3FY22. The fall in operating margin was primarily on account of degrowth in the pharma and API sector. PAT for Q3FY23 was Rs 83.79 crore, as compared to Rs 101.59 crore in Q3FY22. Diluted EPS for Q3FY23 stood at Rs 19.31 per equity share as against Rs 27.64 in Q3FY22. Q3FY23: Amines volumes stood at 6,082 MT. Amines derivatives volumes stood at 8,587 MT. Specialty chemicals volumes stood at 13,478 MT. On the performance Mr. D. Ram Reddy, Managing Director, commented, despite headwinds in pharma and API industries globally, we have delivered decent results. The fall in the margins was primarily on account of degrowth in the pharma and API sector. Revenues from the newly commenced plants will start contributing to our top line in the coming quarters, which in turn can improve the margin profile of the company from Q1FY24. As announced earlier, Phase 1 of the 90-acre Greenfield Project (Unit IV) has been completed where Ethylamines Plant with an installed annual production capacity of 16,500 tons started commercial production in May 2021 and the DMC/PC and PG Plant started commercial production at the end of September 2022. This is with an installed annual production capacity of 15,000 tons of Di-methyl Carbonate (DMC)/Propylene Carbonate (PC) and 15,000 tons of Propylene Glycol (PG). We believe this will also provide a strategic advantage of being the sole manufacturer of Dimethyl Carbonate (DMC) and Propylene Carbonate (PC) in India. Currently, the annual domestic demand for Dimethyl Carbonate (DMC) is about 6,000 to 8,000 tons with main usage in Pharma and others Annual demand for Propylene Glycol (PG) is about 1,70,000 to 1,80,000 tons & Propylene Carbonate (PC) is about 3,000 to 4,000 tons which are completely met by imports. DMC is used in Pharma and in the production of Polycarbonate and Lithium Batteries – the consumption of which will exponentially grow in India backed by various government initiatives and the EV industry is a sunrise industry in the years to come. Result PDF BALAJI AMINES LTD.-$ - 530999 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release in connection with the Un-audited Financial Results for the Quarter and Nine Months ended 31st December, 2022. BALAJI AMINES LTD.-$ - 530999 - Results-Un-Audited Financial Results For The Quarter And Nine Months Ended 31St December, 2022
Results-Un-audited Financial Results for the quarter and nine months ended 31st December, 2022 BALAJI AMINES LTD.-$ - 530999 - Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On 6Th February, 2023
Outcome of Board Meeting BALAJI AMINES LTD.-$ - 530999 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Grant of Environmental Clearance (EC) to the proposed expansion project at Solapur BALAJI AMINES LTD.-$ - 530999 - Board Meeting Intimation for Considering And Approving The Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2022.
BALAJI AMINES LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/02/2023 ,inter alia, to consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the Quarter and Nine months ended 31st December, 2022.