Balaji Amines delivered exceptional fourth-quarter results with net profit rising 57.8% to ₹63.2 crore compared to ₹40.1 crore in the same period last year, according to an exchange filing. Revenue from operations grew 11.9% year-on-year to ₹394.8 crore, up from ₹352.7 crore in the corresponding quarter of the previous year. The company's EBITDA jumped 58% to ₹94.2 crore from ₹59.7 crore year-ago, while EBITDA margin expanded significantly to 23.9% from 16.9%, demonstrating improved operational efficiency.
The board recommended a final dividend of ₹11 per equity share, representing 550% on the face value of ₹2 per share. The dividend will be payable after shareholder approval at the company's 39th Annual General Meeting. As reported by CNBC TV18, this dividend declaration reflects the company's strong cash generation and commitment to returning value to shareholders.
Under segment performance, revenue from the Amines & Speciality Chemicals business rose to ₹393.5 crore from ₹350.9 crore year-ago, while the Hotel Division revenue stood at ₹8.4 crore compared with ₹9.3 crore last year. Segment profit before tax for the Amines & Speciality Chemicals division increased to ₹83.7 crore from ₹51.4 crore, demonstrating strong operational performance in the core business segment. The Hotel Division reported profit before tax of ₹1.6 crore versus ₹2 crore in the year-ago period.
Shares of Balaji Amines ended higher on Wednesday, May 13, by 1.61% at ₹1,361.00 on the NSE, reflecting positive investor sentiment following the strong quarterly results. The market response indicates investor confidence in the company's improved financial performance and margin expansion strategy.
