Balaji Amines Q1 Net rises 9.4% to Rs 9.31 crore

Balaji Amines Ltd has reported 9.4 per cent rise in net profit to Rs 9.31 crore for the quarter ended June 2014 as compared to Rs 8.51 crore in the corresponding period of previous year.
The company recorded net sales of Rs 164.47 crore during the quarter under review, up from Rs 140.01 crore in the corresponding period of previous year, an increase of 17.4 per cent, a company statement said here.
Export continues to witness a growth of 19.51 per cent. It clocked Rs 36.56 crore for the quarter ended June 30, against Rs 30.59 crore in the previous year.

Earnings Per Share (EPS) has also grown to Rs 2.87 per share, up 9.12 per cent from Rs 2.63 per share in the corresponding quarter last year.
The company said its hotel division is showing positive response, with Rs 2.52 crore added in the topline from Balaji Sarovar as on quarter ended June 30.
Balaji Amines manufactures speciality 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 in Maharashtra and one at Hyderabad in Andhra Pradesh.