Q1FY23 Quarterly Result Announced for Balaji Amines Ltd.
Specialty Chemicals firm Balaji Amines announced Q1FY23 Result : Consolidated Q1FY23 Revenue up by 48.86% at Rs 674.86 Crore. EBITDA up by 52.11% at Rs 219.48 Crore. Net Profit up by 51.99% at Rs 148.04 Crore Revenue from Operations for Q1FY23 stood at Rs 674.86 crore, up by 48.86%, as compared to Rs 453.35 crore in Q1FY22. Total volumes stood at 27,358 MT for Q1FY23 as against 25,620 MT in Q1FY22. The revenue growth was on account of improved volume offtake on account of enhanced capacity utilization of our DMF and new Ethylamines plant. Amines volumes stood at 6,739 MT Amines Derivatives volumes stood at 8,128 MT Specialty Chemicals volumes stood at 12491 MT EBITDA for Q1FY23 was Rs 219.48 crore, up by 52.11%, as compared to Rs 144.29 crore in Q1FY22. EBITDA margin for Q1FY23 stood at 32.52% as against 31.83% in Q1FY22. The improvement in operating margins was primarily on account of better product mix, continuing healthier price realizations across most of the products and increase in operating leverage due to surge in volume offtake PAT for Q1FY23 was Rs 148.04 crore, up by 51.99%, as compared to Rs 97.40 crore in Q1FY22. Diluted EPS for Q1FY23 stood at Rs 37.95 per equity share as against Rs 27.90 in Q1FY22. On the performance Mr. D. Ram Reddy, Managing Director, commented, “In an environment, where the chemical industry is facing major margin pressures due to inflated raw material prices and other costs, we are pleased to have delivered decent quarterly results. In this endeavour, we were aided by improved operating leverage, as our new Ethylamines plants have been running at much improved capacity utilization as compared to previous quarters." Result PDF12-08-2022