Balaji Amines shares surged 20% to hit the upper circuit at ₹1,623.40 following the company's impressive Q4 FY26 earnings results. According to reports from Business Standard and Kotak News Desk, the company reported consolidated profit after tax of ₹63.21 crore in Q4 FY26, representing a significant 57.79% year-on-year increase from ₹40.06 crore in Q4 FY25. The sequential growth was even more impressive, with profit surging 101.11% from ₹31.43 crore in Q3 FY26. This marked the stock's biggest single-day gain in more than 10 years, with the last 20% rally occurring in April 2015. The sharp rally also lifted sentiment across peer companies in the amines and speciality chemicals segment.
Revenue from operations demonstrated consistent growth across different timeframes, increasing 11.92% year-on-year to ₹394.79 crore in Q4 FY26 from ₹352.73 crore in the corresponding quarter last year. As reported by Business Standard and Kotak News Desk, revenue also showed strong sequential momentum, rising 19.16% from ₹331.30 crore in Q3 FY26. For the full fiscal year FY26, revenue from operations grew 2% year-on-year to ₹1,424.98 crore. The strong sequential earnings improvement appears to have strengthened expectations of recovery across parts of the speciality chemicals space.
Profit before tax demonstrated robust performance, reaching ₹85.86 crore in Q4 FY26, up 59.18% from ₹53.94 crore in Q4 FY25 and increasing 86.69% from ₹45.99 crore in Q3 FY26. According to Business Standard and Kotak News Desk, for the full fiscal year FY26, profit before tax increased 9.04% to ₹232.49 crore, while profit after tax rose 6.15% to ₹167.20 crore. Despite higher input and finance costs, earnings growth remained strong because of better operating performance and higher revenue growth.
The company's cost structure showed mixed trends during Q4 FY26. As reported by Business Standard and Kotak News Desk, total expenditure increased 2.55% year-on-year to ₹300.54 crore, while raw material cost rose 28.02% to ₹231.25 crore. Employee expenses increased 13.81% to ₹26.04 crore, and interest cost surged 153.49% to ₹2.18 crore. Depreciation expense rose 8.14% to ₹13.95 crore during the quarter. Despite higher input and finance costs, earnings growth remained strong because of better operating performance and higher revenue growth.
The board recommended a final dividend of ₹11 per equity share of face value ₹2 each for FY26, as reported by Business Standard and Kotak News Desk. However, net cash from operating activities declined to ₹184.04 crore in FY26 from ₹255.44 crore in FY25. The proposed dividend is subject to shareholder approval at the upcoming Annual General Meeting. The strong Q4 performance and dividend announcement have extended the stock's year-to-date gains to roughly 47%, with shares remaining around 15% below their 52-week high of ₹1,945. The rally also lifted sentiment across peer companies, with Alkyl Amines gaining 12.48%, Amines & Plasticizers rising 12.31%, and Indo Amines climbing 10.68% during the session.
