Balaji Amines Li Q4 net profit up 3.09% at Rs 81.68 cr
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The company reported standalone net profit of Rs 81.68 crore for the quarter ended March 31, 2022 as compared to Rs 79.23 crore in the same period last year, registering a year-on-year growth of 3.09 per cent. Net revenue of the company rose substantially by 66.55 per cent at Rs 619.00 crore in January-March quarter of this fiscal as against Rs 371.67 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 86.95 per cent to Rs 490.86 crore from Rs 262.56 crore in year ago period.
Other Income dipped by 42.66 per cent at Rs 2.89 crore versus (Mar'21 Rs 5.04 crore). Operating Profit surged by 17.43 per cent to Rs 128.14 crore as against Rs 109.12 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.50 per cent in March quarter. Interest grew by 212.50 per cent y-o-y to Rs 2.75 crore, while Taxation increased by 37.69 per cent at Rs 39.31 crore (Mar'21 Rs 28.55 crore).
