Balaji Amines Ltd., a leading manufacturer of Aliphatic Amines in India has reported its financial results for the period ended March 31, 2021.
Q4 Results
The company’s net profit rose 174.2% to Rs 84.49 crores ($11.6 million) for the period ended March 31, 2021 as against Rs 30.81 crores ($4.2 million) for the period ended March 31, 2020.
Net sales increased by 61% to Rs 417.63 crores ($57.3 million) during the period ended March 31, 2021 as compared to Rs 259.58 crores ($35.6 million) during the period ended March 31, 2020.
Full-Year Results
The company’s net profit grew 127.3% to Rs 238.19 crores ($32.7 million) for the full-year period ended March 31, 2021 as against Rs 104.79 crores ($14.4 million) for the full-year period ended March 31, 2020.
The company has reported net sales of Rs 1317.52 crores ($180.8 million) during the full-year period ended March 31, 2021, a 40.1% increase as compared to Rs 940.78 crores ($129.1 million) during the full-year period ended March 31, 2020.