Balaji Amines Q4 Review - Business Model Aimed At Sustainable Growth: KRChoksey
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KRChoksey Research Report
During the quarter, Balaji Amines Ltd. reported robust revenue of Rs 7,790 million (up 88% YoY / up 37.80% QoQ).
Such robust performance was mainly driven higher realisations from amines and specialty chemical segment, followed by growth in hotel division.
On operational front Ebitda in Q4 FY22 stood at Rs 1,970 million, operating profit margin got hit by 584 basis points YoY and 281 bps QoQ to 25.29% in Q4 FY22.
Margins fell on account of rising input costs.
Net profit in Q4 FY22 stood at Rs 1,308 million showing an improvement of 47.34% on YoY basis and 28.79% on QoQ basis, with net profit margin at 16.80%.
Higher taxes dented the margins during the quarter.
Balaji Amines recommended a final dividend of Rs 6 per share during the quarter.
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