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Balaji Amines Q1 FY24 results: profit falls by 57.12% YOY


Balaji Amines, a leading chemical manufacturing company, has declared their Q1 FY24 results on 31 Aug, 2023. The company reported a significant decrease in both revenue and profit compared to the previous year. The topline decreased by 30.81% and the profit decreased by 57.12% YoY.

However, when compared to the previous quarter, there was a slight improvement. The revenue declined by only 1.64% while the profit increased by 11.23%.

The operating income showed a mixed performance. It was up by 2.94% quarter-on-quarter (q-o-q) but decreased by 57.51% year-on-year (Y-o-Y).

The earnings per share (EPS) for Q1 FY24 is 16.28, which reflects a significant decrease of 57.1% compared to the previous year.

In terms of market performance, Balaji Amines has delivered a return of 6.24% in the last 1 week, 2.55% in the last 6 months, and a negative return of -17.01% year-to-date (YTD).

Currently, the market capitalization of Balaji Amines stands at 7283.74 Cr with a 52-week high of 3844 and a 52-week low of 1880.

According to analysts, out of the 3 analysts covering the company as of 03 Sep, 2023, all 3 have given a Strong Buy rating.

The consensus recommendation as of 03 Sep, 2023, is also Strong Buy, indicating positive sentiment towards the company’s future prospects.


Question : What is the Q1 FY24 profit/Loss as per company?

Ans : ₹52.73Cr

Question : What is Q1 FY24 revenue?

Ans : ₹463.67Cr

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Updated: 03 Sep 2023, 03:10 AM IST

Joanna Swanson

Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.