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13-Feb-2025

Balaji Amines drops as Q3 PAT slides 18% YoY to Rs 33 cr

Balaji Amines declined 2.69% to Rs 1,535 after the company’s consolidated net profit slipped 17.79% to Rs 33.19 crore on 18.42% drop in revenue from operations to Rs 312.73 crore in Q3 FY25 over Q3 FY24.


'Profit before tax slipped 41.81% year on year to Rs 40.89 crore in the quarter ended 31 December 2024.

EBITDA for Q3 FY25 stood at Rs 54 crore, down 34.94%, compared to Rs 83 crore in Q3 FY24. EBITDA margin for Q3 FY25 was reduced to 17% in Q3 FY25 as against 21% reported in the same period a year ago.

Total expense declined 13.02% YoY to Rs 279.70 crore during the quarter. Cost of raw material consumed stood at Rs 168.50 crore (down 16.29% YoY), while employee benefits expenses were at Rs 18.53 crore (down 9.83% YoY) in Q3 FY25.

The company’s revenue from the amines & specialty chemicals business stood at Rs 310.35 crore (down 19.04% YoY), while income from the hotel division was at Rs 9.68 crore (up 21.91% YoY) during the period under review.

During the quarter, amines volumes stood at 7,515 MT; amines derivatives volumes stood at 8,809 MT, and specialty chemicals volumes stood at 7,773 MT.

On a standalone basis, the company’s net profit declined 14.1% ...



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