Share the post "Balaji Amines announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -17.02 % over the year, decrease in net sales/revenue by -7.05 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 43.9 %. Marginal decrease of -7.22% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Balaji Amines Ltd.. Profit dropped by -32.69 % Year to Year, Balaji Amines Ltd.’s profitability dropped by -37.15 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -17.94 % Year to Year. EPS decreased by -36.38 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 463.673 Cr | Rs. 413.937 Cr | Rs. 384.746 Cr | -7.05 % | -17.02 % |
| Expenses | Rs. 365.63 Cr | Rs. 316.23 Cr | Rs. 318.65 Cr | + 0.77 % | -12.85 % |
| Operating Profit | Rs. 98.04 Cr | Rs. 97.71 Cr | Rs. 66.1 Cr | -32.35 % | -32.58 % |
| OPM % | 21.14 % | 23.61 % | 17.18 % | -6.43 % | -3.96 % |
| Other Income | Rs. 5.647 Cr | Rs. 8.758 Cr | Rs. 8.126 Cr | -7.22 % | + 43.9 % |
| Interest | Rs. 1.82 Cr | Rs. 1.31 Cr | Rs. 0.99 Cr | -24.43 % | -45.6 % |
| Depreciation | Rs. 11.49 Cr | Rs. 12.25 Cr | Rs. 11.65 Cr | -4.9 % | + 1.39 % |
| Profit before tax | Rs. 90.38 Cr | Rs. 92.91 Cr | Rs. 61.59 Cr | -33.71 % | -31.85 % |
| Tax % | 25.11 % | 21.98 % | 26.02 % | + 4.04 % | + 0.91 % |
| Net Profit | Rs. 67.68 Cr | Rs. 72.48 Cr | Rs. 45.56 Cr | -37.14 % | -32.68 % |
| EPS in Rs | Rs. 16.28 | Rs. 21 | Rs. 13.36 | -36.38 % | -17.94 % |
Today, we’re looking at Balaji Amines Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.02 %. However, it did see a marginal slip of -7.05 % from the previous quarter. Expenses ticked up slightly by 0.77 % quarter-on-quarter, aligning with the annual decline of -12.85 %. Operating profit, while down -32.58 % compared to last year, faced a quarter-on-quarter dip of -32.35 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.96 %, but a shrinkage of -6.43 % sequentially. Other income fell by -7.22 % compared to the last quarter, despite an annual growth of 43.9 %. Interest expenses dropped significantly by -24.43 % from the previous quarter, yet the year-over-year decrease remains at a moderate -45.6 %. Depreciation costs fell by -4.9 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.39 %. Profit before tax declined annually by -31.85 % but saw a reduction from the preceding quarter by -33.71 %.
Tax expenses as a percentage of profits increased slightly by 0.91 % compared to last year, with a more notable quarter-on-quarter increase of 4.04 %. Net profit fell by -32.68 % year-on-year but witnessed a -37.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -17.94 % but a quarterly fall of -36.38 %. In summary, Balaji Amines Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 463.673 Cr | Rs. 413.937 Cr | Rs. 384.746 Cr | -7.05 % | -17.02 % |
| Expenses | Rs. 365.63 Cr | Rs. 316.23 Cr | Rs. 318.65 Cr | + 0.77 % | -12.85 % |
| Operating Profit | Rs. 98.04 Cr | Rs. 97.71 Cr | Rs. 66.1 Cr | -32.35 % | -32.58 % |
| Net Profit | Rs. 67.68 Cr | Rs. 72.48 Cr | Rs. 45.56 Cr | -37.14 % | -32.68 % |
| EPS in Rs | Rs. 16.28 | Rs. 21 | Rs. 13.36 | -36.38 % | -17.94 % |
In reviewing Balaji Amines Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.02 % year-on-year, although there was a slight dip of -7.05 % from the previous quarter. Expenses decreased by -12.85 % compared to the previous year, with a 0.77 % increase quarter-on-quarter. Operating Profit dropped by -32.58 % annually, and saw a -32.35 % decrease from the last quarter.
Net Profit showed yearly decrease of -32.68 %, and experienced a -37.14 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -17.94 % annually, however dipped by -36.38 % compared to the last quarter. In essence, while Balaji Amines Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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