Balaji Amines Ltd., an orgnanic amine chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 12% to Rs 79.75 crores ($10.7 million) for the period ended September 30, 2021 as against net profit of Rs 90.38 crores ($12.1 million) for the previous quarter.
Net sales increased 17% to Rs 528.67 crores ($70.6 million) during the period ended September 30, 2021 as compared to Rs 451.94 crores ($60.4 million) during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 74.3% to Rs 79.75 crores ($10.7 million) for the period ended September 30, 2021 as against net profit of Rs 45.75 crores ($6.1 million) for the prior-year quarter.
Net sales increased 87% to Rs 528.67 crores ($70.6 million) during the period ended September 30, 2021 as com-pared to Rs 283.07 crores ($37.8 million) during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit grew 116.1% to Rs 170.14 crores ($22.7 million) for the 6 months period ended September 30, 2021 as against net profit of Rs 78.72 crores ($10.5 million) for the prior-year 6 months period.
Net sales increased 93.3% to Rs 980.61 crores ($131 million) during the 6 months period ended Septem-ber 30, 2021 as compared to Rs 507.26 crores ($67.8 million) during the prior-year 6 months period.
Balaji Amines Ltd is engaged in the business of manufacture and selling Methylamines, Ethylamines, Derivatives of Specialty Chemicals and Pharma Excipients.