Balaji Amines Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022.
Q3 Results- QoQ
The company’s net profit dropped by 32.4% to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 925.69 million for the previous quarter.
Net sales declined by 6.6% to Rs 5.88 billion during the period ended Dec 31, 2022 as compared to Rs 6.3 billion during the previous quarter.
Q3 Results- YoY
The company reported 30.1% drop in net profit to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 895.59 million for the prior-year quarter.
Net sales grew 3.5% to Rs 5.88 billion during the period ended Dec 31, 2022 as compared to Rs 5.68 billion during the prior-year quarter.
9 Months – YoY
The company reported 7.1% growth in net profit to Rs 2.78 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.59 billion for the prior-year 9 months period.
Net sales increased 22% to Rs 18.93 billion during the period ended Dec 31, 2022 as compared to Rs 15.52 billion during the 9 months period last year.
Balaji Amines Ltd is an Indian chemicals manufacturing company engaged in the manufacture and sale of amines such as methyl amines and ethyl amines.