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What is the story about?
Shares of Balaji Amines are trading in a 20% upper circuit on Thursday, May 14, in response to its March quarter results that were reported after market hours on Wednesday.
This is the biggest single-day gain for the stock since April 2015, which is the last instance the stock had gained 20%. The stock was up 19% in April 2021 as well.
For the March quarter, Balaji Amines reported a strong operating performance, with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) growing by 58% compared to the same quarter last year to ₹94 crore from ₹60 crore.
EBITDA margins expanded by 7 percentage points to 23.9% from 16.9% reported during the year-ago quarter.
Revenue for the quarter increased by 12% to ₹395 crore, while net profit was also up 58% to ₹63 crore from ₹40 crore earlier.
For the full year, margins expanded from last year, while EBITDA remained flat.
The board of Balaji Amines also approved a final dividend of ₹11 per share, but that payout will be subject to approval from shareholders at the upcoming Annual General Meeting.
Balaji Amines had paid a similar dividend payout in August 2025 and July 2024 as well to its shareholders.
Following earnings from Balaji Amines, shares of its peer companies, Indo Amines, Amines & Plasticizers and Alkyl Amines are also trading with gains between 10% to 13% on Thursday.
While Balaji Amines is the top gainer on the BSE Smallcap index, its peer companies also feature in the top five gainers list.
Shares of Balaji Amines are still down 15% from their 52-week high of ₹1,945. As a result of this surge, the stock has extended its year-to-date advance to 47%.
This is the biggest single-day gain for the stock since April 2015, which is the last instance the stock had gained 20%. The stock was up 19% in April 2021 as well.
Balaji Amines In Q4
For the March quarter, Balaji Amines reported a strong operating performance, with Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) growing by 58% compared to the same quarter last year to ₹94 crore from ₹60 crore.
EBITDA margins expanded by 7 percentage points to 23.9% from 16.9% reported during the year-ago quarter.
Revenue for the quarter increased by 12% to ₹395 crore, while net profit was also up 58% to ₹63 crore from ₹40 crore earlier.
For the full year, margins expanded from last year, while EBITDA remained flat.
Dividend Declared
The board of Balaji Amines also approved a final dividend of ₹11 per share, but that payout will be subject to approval from shareholders at the upcoming Annual General Meeting.
Balaji Amines had paid a similar dividend payout in August 2025 and July 2024 as well to its shareholders.
Peer Group Stocks React
Following earnings from Balaji Amines, shares of its peer companies, Indo Amines, Amines & Plasticizers and Alkyl Amines are also trading with gains between 10% to 13% on Thursday.
While Balaji Amines is the top gainer on the BSE Smallcap index, its peer companies also feature in the top five gainers list.
Shares of Balaji Amines are still down 15% from their 52-week high of ₹1,945. As a result of this surge, the stock has extended its year-to-date advance to 47%.
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