India’s Balaji Amines Reports 28.7% Net Profit Growth for Q4 FY22

Balaji Amines Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022.

Q4 Results

The company’s net profit grew by 28.7% to Rs 1.08 billion for the period ended March 31, 2022 as against Rs 844.98 million for the period ended March 31, 2021.

Net sales increased by 87.04% to Rs 7.81 billion during the period ended March 31, 2022 as compared to Rs 4.17 billion during the period ended March 31, 2021.

Full-Year Results

The company’s net profit increased by 54.7% to Rs 3.68 billion for the full-year period ended March 31, 2022 as against Rs 2.38 billion for the full-year period ended March 31, 2021.

The company has reported net sales of Rs 23.27 billion during the full-year period ended March 31, 2022, an increase of 76.6% as compared to Rs 13.17 billion during the full-year period ended March 31, 2021.

The company has reported EPS of Rs 113.71 for the full-year period ended March 31, 2022 as compared to Rs 73.52 for the full-year period ended March 31, 2021.

Balaji Amines Ltd is mainly engaged in the business of manufacture and selling of methyl and ethyl amines and their amides.