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Balaji Amines reports 14% fall in Q1 net profit

28 Jul 2017

Balaji Amines has reported results for first quarter ended June 30, 2017.

The company has reported a fall of 13.63% in its net profit at Rs 22.75 crore for the quarter under review as compared to Rs 26.34 crore for the same quarter in the previous year. However, total revenue from operations of the company increased 10.24% at Rs 201.02 crore for Q1FY18 as compared to Rs 182.34 crore for the corresponding quarter previous year.

Balaji Amines is engaged in manufacturing of methylamines, ethylamines, derivatives of specialty chemicals and natural products. The company was set up to cater to the growing requirements of value based Specialty Chemicals.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323