BALAJI AMINES Announces Quarterly Results (4QFY21); Net Profit Up 200.5%

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BALAJI AMINES Announces Quarterly Results (4QFY21); Net Profit Up 200.5%
Thu, 8 Jul

BALAJI AMINES has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

BALAJI AMINES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m2,5803,9214,1405.6%60.5%
Other incomeRs m16536602.7%131.2%
TurnoverRs m2,5963,9264,1766.4%60.9%
ExpensesRs m2,0242,7482,8513.8%40.9%
Gross profitRs m5561,1741,2899.8%131.7%
DepreciationRs m1018785-2.8%-16.4%
InterestRs m634838-21.4%-39.9%
Profit before taxRs m4081,0441,20315.3%195.0%
TaxRs m11225531523.6%180.7%
Profit after taxRs m29678988812.6%200.5%
Gross profit margin%21.629.931.1
Effective tax rate%27.524.426.2
Net profit margin%11.420.121.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 60.5% on a year-on-year (YoY) basis. The expenses were up by 40.9% YoY during the same period.
  • The company's operating profit increased by 131.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 4QFY21 as against 21.6% in 4QFY20.
  • Depreciation charges declined by 16.4% and finance costs declined by 39.9% YoY, respectively.
  • Other income increased by 131.2% YoY during the quarter.
  • Net profit for the quarter increased by 200.5% YoY. Net profit margins during the quarter increased from 11.4% in 4QFY20 to 21.3% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.8% QoQ during the same period.
  • The company's operating profit increased by 9.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 4QFY21 as against 29.9% in 3QFY20.
  • Net profit for the quarter increased by 12.6% QoQ, while net profit margins increased from 20.1% in 3QFY20 to 21.3% in 4QFY21.

To see how BALAJI AMINES has performed over the last eight quarters,please visit here.

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BALAJI AMINES Share Price Performance

Over the last one year, BALAJI AMINES share price has moved up from Rs 564.6 to Rs 2,796.1, registering a Gain of Rs 2,231.5 or around 395.3%.

Overall, the S&P BSE SENSEX is up 44.0% over the year.

Current Valuations

At the current price of Rs 2,796.1, the price to earnings (P/E) ratio of BALAJI AMINES stands at 37.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.8 times.

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Here's an analysis of the annual report of BALAJI AMINES for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of BALAJI AMINES. Also includes updates on the valuation of BALAJI AMINES.

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