Balaji Amines Q1 Review - Capex Driven By End User Industry Demand: KRChoksey

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Research Report.During the quarter, Balaji Amines Ltd. reported robust revenue of Rs 6,702 million (up 48.70% YoY / down 13.97% QoQ). Such performance was mainly driven higher realisations from amines and specialty chemical segment (up 55% YoY). On operational front Ebitda in Q1 FY23 stood at Rs 2,148 million (up 51.69% YoY / up 10.59% QoQ), operating profit margin improved by 63 basis points YoY and 712 bps QoQ to 32.05% in Q1 FY23. Higher input costs kept the margins flattish on QoQ basis. Balaji Amines' net profit in Q1 FY23 stood at Rs 1,480 million showing an improvement of 51.95% on YoY basis and 13.15% on QoQ basis, with net profit margin at 22.08% (45 bps YoY / 529 bps QoQ). Earnings per share during the quarter came at 37.95 against 27.90 in the same quarter last year..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Balaji Amines Q1 Review - Capex Driven By End User Industry Demand: KRChoksey