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Balaji Amines reports 23% drop in Q4 net profit

Balaji Amines has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a fall of 23.44% in its net profit at Rs 17.87 crore for the quarter ended March 31, 2017 as compared to Rs 23.34 crore for the same quarter in the previous year. However, total income from operations of the company increased by 7.34% at Rs 193.14 crore for quarter under review as compared to Rs 179.94 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a jump of 39.66% in its net profit at Rs 85.57 crore as compared to Rs 61.27 crore in FY16. Total income from operations of the company increased by 5.56% at Rs 727.30 crore for year under review as compared to Rs 689.00 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 42.94% in its net profit at Rs 82.35 crore as compared to Rs 57.61 crore in the previous year. Total income from operations of the company increased by 4.64% at Rs 730.59 crore for year under review as compared to Rs 698.21 crore for the year ended March 31, 2016.

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