Balaji Amines declares sales growth of 40.82% for Q1FY19

Screenshot_20180726_015141MUMBAI,  July 25, 2018 (GPN) : Balaji Amines Ltd, World’s largest producer of DMA-HCL and India’s largest manufacturer of Aliphatic Amines announced its first quarter results ending June 2018, for FY19. On a year-to-year basis, the sales have increased by40.82% from Rs. 184.77cr to Rs. 260.19cr.

It has reported a PBT of Rs 51.73cr as against Rs 34.40cr reported during the same period last year which is increase of50.38%.

Key Operating Highlights (standalone) Q1FY19

•Company recorded net sales of Rs. 260.19 Crores for the quarter ended 30th June 2018. Net Sales have increased by around 40.82% for the quarter from Rs. 184.77 crores during the same period previous year.

•The PBT for the period was Rs 51.73 crore as compared to Rs 34.40 crore reported during the same period previous year which is increase of 50.38%.

•Company has reported Profit After Tax ( PAT) of Rs. 33.82 crore for the quarter ended 30th June 2018. Net profit increased by 48.66% for the quarter from Rs. 22.75crores during the same period previous year.

•The company recorded Export sales of Rs 55.82crore for the quarter ended 30th June 2018 an increase of 91.43% over the previous year.   

“We have been able to regain our sales growth during first quarter, we expect the rest of the year to be on similar lines. Our efforts for increasing the profitability will show better results in the coming quarters.” commented Mr. D Ram Reddy, Managing Director of Balaji Amines Limited. 

About Balaji Amines Ltd:

Balaji Amines Limited is an ISO 9001:2015 accredited company with a unique positioning in the field of manufacture of specialty chemicals, aliphatic amines and its derivatives, addressing the needs of APIs, agrochemicals, rubber chemicals, water treatment chemicals, refineries and other industries in the domestic and global markets.

The company operates from three manufacturing complexes, with two facilities in Solapur (Maharashtra) and one at Hyderabad (Telangana). BAL has a dedicated Research and Development center, which is continuously engaged in reduction of manufacturing costs through process improvements. The company has been instrumental in introducing new products and expanding existing facilities every year.

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Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.