Balaji Amines Surges 20% After Strong Q4 Earnings, Alkyl Amines Rises 12%

Balaji Amines Ltd Surges to Record High After Reporting Strong Q1 Earnings

Shares of Balaji Amines Ltd reached a record high on Thursday, driven by a strong set of March quarter earnings. The stock hit its 20 per cent upper circuit and rose to Rs 1,623.40, marking its biggest single-day gain since April 2015. This significant rally was last seen when the stock surged 20 per cent in a single session in April 2015.

The company's impressive operating performance for the March quarter led to this sharp move. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 58 per cent year-on-year to Rs 94 crore, compared with Rs 60 crore in the same quarter last year. This substantial increase reflects improved operating efficiency and a better product mix.

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EBITDA margins also expanded sharply by 700 basis points to 23.9 per cent, outperforming the 16.9 per cent in the year-ago period. Revenue from operations rose 12 per cent year-on-year to Rs 395 crore, while net profit jumped 58 per cent to Rs 63 crore from Rs 40 crore a year earlier.

On a full-year basis, the company reported margin expansion, while EBITDA remained largely flat compared with the previous financial year. This remarkable performance lifted sentiment across the amines segment, with shares of peer Alkyl Amines Chemicals Limited also gaining nearly 12 per cent during Thursday's trade.

Balaji Amines, an ISO-certified company, manufactures aliphatic amines, amine derivatives, and specialty chemicals that cater to industries such as pharmaceuticals, agrochemicals, pesticides, and other user-specific industrial applications.