External broker reports(aggregated public sources), CD Equisearch

CD Equisearch

External broker reports(aggregated public sources)

CD Equisearch is one of the leading brokerage houses with a strong presence in the institutional and HNI broking segment. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>On the back of destocking of inventory by Chinese companies and end user industry facing headwinds along with lower realization in key products, Balaji Amines revenue fell 34.6% from Rs 585.95 crs in Q3FY23 to Rs 383.36 crs in Q3FY24.</li><li>These headwinds also impacted the saleable volumes which saw a drop of 4.4% to 26,903 mt in Q3FY24 as against 28,147 mt in Q3FY23.</li><li>Volumes could however revive in the next few quarters as pharma &amp; API industry appears to have turned a corner.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

On the back of destocking of inventory by Chinese companies and end user industry facing headwinds along with lower realization in key products, Balaji Amines revenue fell 34.6% from Rs 585.95 crs in Q3FY23 to Rs 383.36 crs in Q3FY24.These headwinds also impacted the saleable volumes which saw a drop of 4.4% to 26,903 mt in Q3FY24 as against 28,147 mt in Q3FY23.Volumes could however revive in the next few quarters as pharma &amp; API industry appears to have turned a corner.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Balaji Amines Ltd (BAL) - Quarterly Highlights

External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<p>Balaji Amines Ltd (BAL) witnessed strong top-line growth across standalone Amines business and subsidiary Balaji Specialty Chemicals (BSC).</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Balaji Amines Ltd (BAL) witnessed strong top-line growth across standalone Amines business and subsidiary Balaji Specialty Chemicals (BSC).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<h2>Quarterly Highlights</h2><ul><li>Bolstered by improved capacity utilization, BAL’s income from operations rose apace in Q4 with the pharmaceuticals and agrochemical industry comprising more than 70% of the total demand. BAL clocked in revenues of Rs. 414.03 cr in the last quarter, up 60.5% y-oy and 5.6% q-o-q. This robust top-line performance helped the company’s operating profit advance to Rs. 128.92 cr (up 9.8% q-o-q) leading to a much improved operating leverage. On account of improved demand and price realization across most of the product portfolio, its amines and specialty chemicalsEBIT margins admirably advanced to 28.7%, the highest ever, from just 18.5% in the same quarter a year ago. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Quarterly HighlightsBolstered by improved capacity utilization, BAL’s income from operations rose apace in Q4 with the pharmaceuticals and agrochemical industry comprising more than 70% of the total demand. BAL clocked in revenues of Rs. 414.03 cr in the last quarter, up 60.5% y-oy and 5.6% q-o-q. This robust top-line performance helped the company’s operating profit advance to Rs. 128.92 cr (up 9.8% q-o-q) leading to a much improved operating leverage. On account of improved demand and price realization across most of the product portfolio, its amines and specialty chemicalsEBIT margins admirably advanced to 28.7%, the highest ever, from just 18.5% in the same quarter a year ago. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Balaji Amines Ltd: Quarterly Highlights, Outlook and Recommendations

India

Balaji Amines Ltd. manufactures methylamines, ethylamines, and derivatives of specialty chemicals and natural products. The Company supplies its products to c ompanies in the pharmaceutical and pesticide industries in India and elsewhere t hroughout the world.

Balaji Amines (BLA IN)

Balaji Amines Ltd (BAL) - Quarterly Highlights

On the back of destocking of inventory by Chinese companies and end user industry facing headwinds along with lower realization in key products,...

CD Equisearch

Balaji Amines Ltd - Result Update Q2FY22

Balaji Amines Ltd (BAL) witnessed strong top-line growth across standalone Amines business and subsidiary Balaji Specialty Chemicals (BSC).

Edelweiss

Balaji Amines Ltd: Quarterly Highlights, Outlook and Recommendations

Bolstered by improved capacity utilization, BAL’s income from operations rose apace in Q4 with the pharmaceuticals and agrochemical industry...

CD Equisearch