Balaji Amines declines on reporting 23% drop in Q4 net profit

12 May 2017

Balaji Amines is currently trading at Rs. 361.50, down by 26.90 points or 6.93% from its previous closing of Rs. 388.40 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 375.00 and Rs. 350.00 respectively. So far 16718 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 401.10 on 24-Apr-2017 and a 52 week low of Rs. 195.40 on 13-May-2016.

Last one week high and low of the scrip stood at Rs. 399.50 and Rs. 386.90 respectively. The current market cap of the company is Rs. 1171.30 crore.

The promoters holding in the company stood at 54.46%, while institutions and non-institutions held 4.22% and 41.32% respectively.

Balaji Amines has reported a fall of 23.44% in its net profit at Rs 17.87 crore for the quarter ended March 31, 2017 as compared to Rs 23.34 crore for the same quarter in the previous year. However, total income from operations of the company increased by 7.34% at Rs 193.14 crore for quarter under review as compared to Rs 179.94 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 39.66% in its net profit at Rs 85.57 crore as compared to Rs 61.27 crore in FY16. Total income from operations of the company increased by 5.56% at Rs 727.30 crore for year under review as compared to Rs 689.00 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 42.94% in its net profit at Rs 82.35 crore as compared to Rs 57.61 crore in the previous year. Total income from operations of the company increased by 4.64% at Rs 730.59 crore for year under review as compared to Rs 698.21 crore for the year ended March 31, 2016.

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