According to reports from CNBC TV18, Alkyl Amines Chemicals Ltd delivered a subdued performance for the third quarter, with key financial metrics showing modest year-on-year declines. Net profit for the quarter came in at ₹43 crore, down 1.4% from ₹43.6 crore in the same period last year. Revenue declined 4.6% year-on-year to ₹354 crore, compared with ₹371.2 crore in the corresponding quarter of the previous fiscal. The company's EBITDA also edged lower by 0.8% to ₹67 crore from ₹70.4 crore a year ago, reflecting pressure on operating performance.
As reported by CNBC TV18, EBITDA margins softened marginally to 18.9% from 19% in Q3 last year, indicating operational challenges despite the company's position as a leading global manufacturer of aliphatic amines and specialty chemicals. The company serves diverse end-user industries including pharmaceuticals, agrochemicals, rubber chemicals and water treatment, positioning it in key chemical manufacturing segments.
According to CNBC TV18, shares of Alkyl Amines Chemicals fell to an intraday low of ₹1,560 following the results announcement but later recovered during the trading session. As of 2:04 PM, the stock was trading at ₹1,620.10 on the NSE, up ₹64.2 or 4.13% on Tuesday, indicating bargain buying at lower levels. The recovery suggests investor sentiment stabilised despite the muted earnings print, with the stock rebounding from its day's low.
