Balaji Amines Share Price

ures to provide the most competitive prices for its high-quality goods. Amine technology is a highly secretive procedure that is only accessible to a select group of firms worldwide. To its credit, BAL did pioneering work in India by testing and improving upon a technology created entirely inside the country.

In the first quarter of fiscal year 23 (FY23), Balaji Amines saw a 48.7 percent increase in revenue, to 670.17 crores from 450.68 crores in the same period a year prior. This increase was primarily attributable to higher volume offtake due to higher capacity utilization of DMF and the new methylamines plant. However, total volumes increased by 7% to 27,358 mt. However, this hardly reveals underlying trends because of the shifting product mix. However, the decline of about 14 percent in revenue might be attributed to the reduction in raw material costs.

Balaji Specialty Chemicals' margins skyrocketed in the first quarter of FY23 as a result of supply interruptions worldwide and ongoing stronger price realizations across most of the products.

Increased realizations in EDA and sustained demand from end-user industries propelled Balaji Specialty Chemicals' quarterly revenue to a new high of 224 crores in Q1 FY23, up from 79 crores in Q1 FY22. Previously, the firm could not use the subsidiary plant to its full potential due to a lack of necessary raw materials. However, with the reduction in supply bottlenecks, the subsidiary will be able to use the plant to a greater extent this fiscal year. Do you want to know the Balaji Amines Shares? Click Here to learn about today’s Balaji Amines Share Price.