Balaji Amines Ltd (BOM:530999)
₹ 2109.95 -1.65 (-0.08%) Market Cap: 68.36 Bil Enterprise Value: 65.26 Bil PE Ratio: 35.02 PB Ratio: 3.97 GF Score: 97/100
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Q4 2024 Balaji Amines Ltd Earnings Call Transcript

May 10, 2024 / 10:30AM GMT
Release Date Price: ₹2191.05 (+0.30%)

Key Points

Positve
  • Balaji Amines Ltd (BOM:530999) reported a resilient performance in Q4 FY24 with a revenue increase to INR423 crores from INR392 crores in Q3 FY24.
  • The company successfully commenced n-butylamine production at Unit IV, boosting annual installed capacity by 15,000 metric tons.
  • Balaji Amines Ltd (BOM:530999) remains committed to a debt-free strategy, providing financial stability and enhanced creditworthiness.
  • The company has resumed BIS certification for morpholine at Unit I and Unit III, enhancing product quality standards.
  • EBITDA for Q4 FY24 increased to INR106 crores from INR83 crores in Q3 FY24, with an improved EBITDA margin of 25% compared to 21% in the previous quarter.
Negative
  • Revenue from operations for the financial year 2024 stood at INR1,671 crores, a decrease from INR2,371 crores in FY 2023.
  • EBITDA for FY 2024 was INR353 crores, significantly lower than INR624 crores in FY 2023, with a reduced EBITDA margin of 21% compared to 26% in FY 2023.
  • PAT for FY 2024 stood at INR232 crores, down from INR406 crores in FY 2023.
  • The acetonitrile plant remains closed, impacting overall production volumes.
  • The company faced technical difficulties during the earnings call, causing interruptions and potential communication issues.
Operator

Ladies and gentlemen, good day, and welcome to Balaji Amines Limited Q4 FY24 earnings conference call hosted by Elara Securities Private Limited. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Gagan Dixit from Elara Securities Private Limited. Thank you, and over to you, sir

Gagan Dixit
Elara Securities Pvt Ltd - Moderator

Yes. Thank you. A very warm welcome to everyone to discuss Balaji Amines Q4 FY24 results. It is our pleasure to be able to bring to you the management of Balaji Amines Limited led by Mr. D. Ram Reddy, who is the Managing Director. We would also like this opportunity to congratulate the management on its excellent set of numbers. So with these words, I would now hand over the conference to the Balaji Amines management. Over to you, sir.

D. Ram Reddy
Balaji Amines Ltd - Managing Director, Executive Director

Thank you, Gagan. A very good evening and a warm welcome on behalf of Balaji Amines Limited to all of you who have

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