Balaji Amines Q4FY22 PAT up 28.66% at Rs108.72 crore yoy as higher raw material costs dent profit growth

12 May 2022 , 01:11 AM

Balaji Amines Ltd reported 88.16% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs779.04 crore. On a sequential basis, revenues were higher for the quarter by 37.91%.

For the full year FY22, the revenues were higher by 76.8% at Rs2,320 crore. For Q4FY22, There was a sharp growth in sales in the predominant amines and specialty chemicals business as demand remained robust in India and globally.

Hotels saw tepid growth. Cash from operations were more than 70% higher due to sharp fall in inventories and trade receivables. EBIT of amines business grew over 50% yoy.

The consolidated net profit for Q4FY22 was up 28.66% at Rs108.72 crore while it was up on a sequential basis by 21.39%.

The operating profit got a boost but the higher raw material cost did dent the profit growth at a net level. Interest cost also went up sharply.

Net margins stood at 13.96% in Q4FY22 quarter compared to 20.41% in Q4FY21. NPM was lower sequentially against 15.85% in Q3FY22. Input cost pressure was the name of the game.

Financial highlights for Mar-22 compared yoy and sequentially

	Balaji Amines
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 779.04	₹ 414.03	88.16%	₹ 564.90	37.91%
Net Profit (Rs cr)	₹ 108.72	₹ 84.50	28.66%	₹ 89.56	21.39%
Diluted EPS (Rs)	₹ 33.56	₹ 26.08		₹ 27.64
Net Margins	13.96%	20.41%		15.85%