HDFC Securities: Balaji Amines Delivers Well-Rounded Q2 Performance
Balaji Amines Ltd.’s storage tanks. (Photo: Balaji Amines’ website)

HDFC Securities: Balaji Amines Delivers Well-Rounded Q2 Performance

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Balaji Amines Ltd. Q2 Updates -

  1. robust demand from pharma and agrochemical industry that comprise 77% of its revenue mix,
  2. ramp up in Balaji Specialty Chemicals Ltd.'s production,
  3. doubling of methylamines by FY24, and
  4. production linked incentive scheme that provides the right tailwinds for long term volume growth.

Q2 Ebitda/adjusted profit after tax was 25/44% above our estimates, mainly attributable to a higher-than-anticipated realisation and better product mix.

Click on the attachment to read the full report:

HDFC Securities Balaji Amines Q2FY21 Results Review.pdf

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